The Nigerian Education Loan Fund (NELFUND) has approved a loan of N20.1bn for 192,906 students across public universities in Nigeria.
This disbursement, which was finalized as of January 1, 2025, aims to support students in their educational pursuits.
Bayero University in Kano will receive the highest share, with N1.3bn allocated for 11,683 students.
The University of Maiduguri follows closely, as 12,198 students will benefit from N1.27bn.
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Other universities like the University of Jos, Federal University Dutsin-Ma, and the University of Ibadan also received substantial amounts to support their students.
Some institutions received smaller amounts, with Gombe State Polytechnic and Abia State Polytechnic receiving funds for only a few students.
These smaller loans include amounts such as N122,000 for four students at Gombe State Polytechnic and N106,300 for two students at Abia State Polytechnic.
Previously, NELFUND had disbursed N110bn to students across Nigeria, according to an update from the fund’s Managing Director, Akintunde Sawyerr.
