NELFUND Releases Latest Student Loan Dashboard: Over ₦227 Billion Disbursed as of April 3, 2026

The Nigerian Education Loan Fund (NELFUND) has released its daily status report showing continued progress in the disbursement of student loans under the Federal Government’s scheme.

According to the dashboard generated on April 3, 2026, at 08:45 AM, the fund has received a total of 1,763,753 applications since the portal launch in May 2024, with 1,315,086 students already benefiting from the programme.

READ ALSO: NELFUND Loan Approved But Not Disbursed? The Real Reason Your ₦20,000 Upkeep is Delayed (March 2026)

 Key Figures from the Report

– New applications: A 0.1% increase from the previous day.

– Additional beneficiaries: 887 more students added in the last 24 hours.

– Total amount disbursed: ₦227,501,972,567.25

Breakdown of payments made:

– Institutional fees paid: ₦146,752,620,567.25 (to 282 institutions)

– Upkeep allowances paid*: ₦80,749,352,000.00

The report covers disbursements from the launch of the NELFUND Student Loan Portal on May 24, 2024, till date.

 What This Means for Students

The Nigerian Education Loan Fund continues to process and pay both tuition fees directly to institutions and upkeep allowances to eligible students. This is part of the Renewed Hope Agenda aimed at making higher education more accessible, especially for young Nigerians from low-income families.

As of April 3, 2026, the scheme has supported students across hundreds of tertiary institutions in the country.

  Key Points

– Total applications received: 1,763,753

– Total beneficiaries so far: 1,315,086 students

– Total amount disbursed: ₦227.5 billion

– Institutional fees paid: ₦146.75 billion

– Upkeep allowances paid: ₦80.75 billion

– Daily increase in beneficiaries: 887 students

– Report generated on: April 3, 2026

The dashboard is updated regularly and remains publicly available for transparency. Students who have applied are advised to check their individual portal status for updates on their applications and disbursements.

This latest figure shows steady growth in the student loan programme since its introduction, though many applicants are still awaiting full processing.