• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, October 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Student Loan: NELFUND Disburses N116.184bn In 2024, Gets N58.4bn Budget For 2025

by Toby Moses
9 months ago
in News
NELFUND
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Education Loan Fund (NELFUND) has announced that it has disbursed a total of N116.184 billion loans to students across 176,252 higher institutions as of January 1, 2025.

Advertisement

The disclosure was made on Thursday in Abuja during the agency’s budget defence session before the National Assembly Joint Committee on Tertiary Institutions and TETFUND.

NELFUND’s Managing Director, Akintunde Sawyer, clarified that out of the disbursed amount, N37.7 billion was allocated for institutional loans, while the remaining funds supported students directly. He noted that out of 352,796 students who applied for the loans, only 108,484 received funding.

Advertisement

Despite its significant role in providing financial support to students, NELFUND has been allocated a relatively lower budget of N58.4billion for the 2025 fiscal year.

Presenting the budget breakdown to the committee, Sawyer explained, “Out of the N58.4 billion budgetary allocation for 2025, N12.2 billion is earmarked for personnel costs, N24.7 billion for overhead costs, and N21.4 billion for capital expenditure.”

The joint committee, chaired by Senator Muntari Dandutse and co-chaired by Hon. Gboyega Isiaka, reviewed the agency’s proposals and approved the budget through a voice vote.

RELATED NEWS

Alleged Marginalisation: Bayelsa’s Ogbotobo Community Reaffirms Ultimatum To Jomason House-boat

Nigerian Breweries Completes Full Integration Of Distell

Kigali, ADHI Group Win World Economic Forum Global Public-Private Collaboration Award

UN, Nigeria Unveil $175m Programme For Industrial Development

NELFUND, established to ease the financial burden on students, continues to face challenges in meeting the increasing demand for educational loans due to limited resources. Sawyer emphasised the need for increased funding to accommodate more students and institutions in the coming years.

Join Our WhatsApp Channel


SendShareTweetShare

OTHER NEWS UPDATES

Bayelsa Govt, CSOs Unite Against ‘Environmental Terrorism’
News

Alleged Marginalisation: Bayelsa’s Ogbotobo Community Reaffirms Ultimatum To Jomason House-boat

12 seconds ago
NB To Raise N600bn Through Right Issue
News

Nigerian Breweries Completes Full Integration Of Distell

54 seconds ago
Kigali, ADHI Group Win World Economic Forum Global Public-Private Collaboration Award
Business

Kigali, ADHI Group Win World Economic Forum Global Public-Private Collaboration Award

6 minutes ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Alleged Marginalisation: Bayelsa’s Ogbotobo Community Reaffirms Ultimatum To Jomason House-boat

13 seconds ago

Nigerian Breweries Completes Full Integration Of Distell

55 seconds ago

Kigali, ADHI Group Win World Economic Forum Global Public-Private Collaboration Award

6 minutes ago

UN, Nigeria Unveil $175m Programme For Industrial Development

3 hours ago

Stakeholders Optimistic As Nigeria Pushes For Local Auto Parts Production

3 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.