Financing Programme

Nigeria Education Loan Fund (NELFUND)

The Nigeria Education Loan Fund (NELFUND) provides interest-free student loans to eligible Nigerian students to support access to tertiary education, including institutional charges and, subject to the applicable framework, student upkeep.
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Education and Student Support
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PROGRAMME OVERVIEW

Understanding the Programme

Understand what the programme does, who it is designed to support, how it is delivered and the legal framework behind it.

ABOUT THE PROGRAMME

The Nigeria Education Loan Fund (NELFUND) provides interest-free student loans to eligible Nigerian students to support access to tertiary education, including institutional charges and, subject to the applicable framework, student upkeep.

TARGET POPULATION

Eligible Nigerian students enrolled in approved tertiary institutions.

LEGAL / POLICY BASIS

Student Loans (Access to Higher Education) Act, 2024

AT A GLANCE

PROGRAMME TYPE

Financing Programme

LEAD MINISTRY

Federal Ministry of Education

IMPLEMENTING AGENCY

Nigeria Education Loan Fund (NELFUND)

CURRENT PHASE

National implementation and expansion

COVERAGE & DELIVERY

Where the Programme Operates and How It Reaches Beneficiaries

See where the programme operates, who is eligible to access it and how support moves from application through assessment and delivery.

 

GEOGRAPHIC COVERAGE

Nationwide — eligible Nigerian tertiary institutions participating in the student-loan scheme.

WHO IS ELIGIBLE?

Nigerian students admitted or enrolled in eligible tertiary institutions who meet the requirements established under the Student Loans (Access to Higher Education) Act and NELFUND’s applicable guidelines.

PROGRAMME START

24/05/2026

HOW IT IS DELIVERED

How the Programme Is Delivered

01
APPLICATION

Eligible students submit their information and supporting details through the official NELFUND application process.

02
ASSESSMENT

Applications are reviewed against the applicable programme and eligibility requirements.

03
APPROVAL

Eligible applications proceed through the approval process before support is processed.

04
PROCESSING

Approved support is processed in accordance with the applicable funding and institutional arrangements.

05
STUDENT SUPPORT

Approved students receive the applicable education financing support under the programme framework.

METRICS & OUTCOMES

What the Programme Has Reported

Key figures from official programme reporting, shown with their reporting dates and evidence basis so that scale is not confused with independently measured impact.

Students supported
1.5 million+
May 2026 — State House third-anniversary statement
Amount disbursed
₦282 billion+
May 2026 — State House third-anniversary statement
Students supported
788,000+
2026 Budget Speech — reporting point for the budget statement
REPORTED OUTCOMES

What the Programme Reports

Government reporting indicates that NELFUND has expanded access to higher education by providing student-loan support to eligible students and reducing upfront financial barriers to tertiary education. NELFUND's own platform provides impact information by state, institution and year. The programme's official terms distinguish institutional fees and upkeep as components of the loan, subject to applicable eligibility and verification requirements.

INDEPENDENT EVIDENCE

What the Available Evidence Shows

Independent outcome assessment should be added separately from government-reported programme figures. Current official sources provide programme-level reporting and a public impact-data interface, but the figures above should remain attributed to their respective reporting sources and dates.

EVIDENCE & VERIFICATION

Check the Record

Review the primary source, reporting date, verification record and evidence limitations behind the information presented on this page.

PRIMARY SOURCE

Nigeria Education Loan Fund (NELFUND)
Federal Government
29/05/2026

VERIFICATION

What the Record Establishes

LAST VERIFIED

22/09/2026

VERIFICATION NOTES

The figures in this record are reported figures and are tied to their respective publication dates. The May 2026 State House statement reported more than 1.5 million students with access to higher education through NELFUND and more than ₦282 billion disbursed. A separate 2026 Budget Speech reported more than 788,000 students supported across 229 tertiary institutions. These figures are retained separately because they were reported at different points and may use different programme definitions or reporting bases. They should not be added together or presented as consecutive totals without further methodological evidence.

LIMITATION

Government-reported beneficiary and disbursement figures are not, by themselves, an independent evaluation of the programme’s long-term effects on access, completion, graduate outcomes or household financial welfare. Different official publications also report different totals at different dates. Further independent outcome assessment and a consistent historical dataset would be required for stronger impact conclusions.
FREQUENTLY ASKED QUESTIONS

Questions People Ask

Clear answers about the programme, eligibility, delivery, application process and how to access support safely.

Who is eligible to apply for NELFUND support?

Eligible Nigerian students admitted or enrolled in participating tertiary institutions may apply, subject to the eligibility requirements established under the Student Loans (Access to Higher Education) Act and NELFUND's applicable guidelines.

Is NELFUND a grant or a loan?

NELFUND provides student loans rather than grants. The support is governed by the Student Loans (Access to Higher Education) Act, 2024 and the applicable NELFUND framework, including provisions relating to repayment.

What does NELFUND support cover?

NELFUND provides support for eligible institutional charges and, subject to the applicable framework and eligibility requirements, student upkeep. The specific components available to an applicant depend on the applicable programme rules and assessment.

How do students apply for NELFUND support?

Students apply through the official NELFUND application platform. Applications are assessed against the applicable eligibility requirements before approved support is processed.

How is an application different from an approved or disbursed loan?

An application shows that a student has requested support. Approval means the application has met the applicable requirements and has been approved for support. Disbursement refers to the actual release of approved funds or support. These stages should not be treated as the same figure.

Where should students apply for NELFUND support?

Students should use the official NELFUND application platform linked from NELFUND's official website. Applicants should avoid unofficial agents, social-media links or individuals requesting payment or sensitive account information to process an application.

What should I do if I have a problem with my application?

Applicants should use the official NELFUND support and communication channels provided through the NELFUND platform to resolve application or account issues. They should not pay unofficial agents or share passwords, bank PINs or one-time passcodes with anyone claiming to offer assistance.

SAFE ACCESS

Use the Official Channel

Access the programme through its official website and service portal. Never rely on unofficial agents or links when submitting personal or financial information.

01

Official Website

Use the programme's official website for verified information, updates and programme guidance.

Visit Official Website
02

Official Access

Use the designated official channel when applying, registering or accessing programme services.

Access Programme
03

Official Support

Use the programme’s official website for current support and contact information.
04

Fraud Warning

Use only the official NELFUND website and student-loan portal when applying or managing your application. Do not pay unofficial agents or share your password, bank PIN or one-time passcode with anyone claiming to process your application. NELFUND's official portal is the designated channel for student-loan applications.