NELFUND May Upkeep Disbursement 2025 – The Student Loan Initiative is a program established by the Federal Government of Nigeria to break financial barriers in higher education. Through the provision of interest-free loans, They are fundamentally reshaping the educational landscape.
This report provides a summary of the key milestones achieved since the launch of the NELFUND Student Loan Portal and upkeep for May 2025. It outlines the details of loan disbursements made to institutions for tuition fees, as well as disbursements made directly to students as upkeep allowances.
Registrants
611,493
Students have registered
Applicants
569,042
Students have applied for loans
93% of registrants have successfully applied
Changes from previous day 126% of New Registrants Succeeded in Applying
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+ 985 Total Number of Successful Registrants
+ + 1,244 Total Number of Successful Applicants
Disbursement as of 23rd May 2025
Institutional Fees Paid – #30,179,797,649.20
Upkeep Allowance Paid – #26,672,140,000
Total Loan Disbursed – #56,851,937,649.20
- 198 Institution Beneficiaries
- 298,124 Student Beneficiaries
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NELFUND Disburses ₦56.8 Billion in Student Loans: Over 298,000 Beneficiaries Reached
Dashboard Report from Portal Launch 24th May 2024 – till date
