September 4, 2025
The Federal Government has committed ₦90 billion to support the education of 400,000 students in public tertiary institutions across Nigeria through the Nigerian Education Loan Fund (NELFUND).
The intervention is part of President Bola Tinubu’s Renewed Hope Agenda to ensure access to affordable higher education and reduce the financial burden on students and their families. According to government officials, the funds will be disbursed directly to verified beneficiaries under a structured loan scheme aimed at covering tuition fees, study materials, and other academic needs.
NELFUND, which commenced full implementation earlier this year, has already recorded thousands of successful applications nationwide. The latest allocation marks one of the largest single government-backed interventions in tertiary education financing in Nigeria’s history.
The scheme is designed not only to expand access to higher education but also to strengthen human capital development, as the administration emphasizes youth empowerment, skill acquisition, and innovation as key drivers of future economic growth.
Officials further assured that repayment plans will be flexible, tied to post-graduation employment and income levels, to ensure sustainability of the program.
Education stakeholders have welcomed the initiative as a landmark move to democratize access to higher learning, while urging proper monitoring and transparency in disbursement to guarantee that the funds reach the intended beneficiaries.
FG Approves ₦90 Billion Education Support Fund for 400,000 Tertiary Students
September 4, 2025 – The Federal Government has committed ₦90 billion to support the education of 400,000 students in public tertiary institutions across Nigeria through the Nigerian Education Loan Fund (NELFUND).
The intervention is part of President Bola Tinubu’s Renewed Hope Agenda to ensure access to affordable higher education and reduce the financial burden on students and their families. According to government officials, the funds will be disbursed directly to verified beneficiaries under a structured loan scheme aimed at covering tuition fees, study materials, and other academic needs.
NELFUND, which commenced full implementation earlier this year, has already recorded thousands of successful applications nationwide. The latest allocation marks one of the largest single government-backed interventions in tertiary education financing in Nigeria’s history.
The scheme is designed not only to expand access to higher education but also to strengthen human capital development, as the administration emphasizes youth empowerment, skill acquisition, and innovation as key drivers of future economic growth.
Officials further assured that repayment plans will be flexible, tied to post-graduation employment and income levels, to ensure sustainability of the program.
Education stakeholders have welcomed the initiative as a landmark move to democratize access to higher learning, while urging proper monitoring and transparency in disbursement to guarantee that the funds reach the intended beneficiaries.
