As the Nigerian Education Loan Fund portal closes today (Friday), the scheme has recorded 1,696,316 applications from students nationwide since its launch on May 24, 2024.
According to the Fund’s latest Daily Status Report on its official X account, 983,706 students have benefited so far.
Applications continued to rise up to the final day, with a 0.8 per cent increase over the previous day, translating to 12,776 additional submissions.
On disbursement, NELFUND confirmed that N107,086,869,491 has been paid directly to 265 beneficiary institutions as institutional fees, while N76,798,940,000 has been disbursed to students as upkeep allowances
In total, N183,885,809,491 has been released under the scheme as of February 1, 2026.
The Fund had earlier announced via its X account on February 25 that the student portal would close on February 27, urging prospective applicants to complete their submissions before the deadline.
“The NELFUND student portal will close on 27 February 2026. Please apply before it closes. Institutions that have not yet commenced the 2025 academic session should submit an official request for an extension, along with their approved academic calendar, for consideration,” the notice read
