The Nigerian Education Loan Fund (NELFUND) has released N218 million for 3,575 students in Zaria and Ibadan, according to The Guardian Nigeria News. The report was published on Wednesday, 28 October 2026.
The payment covers students at institutions in the two cities. The Guardian Nigeria News did not, in the material available, give a breakdown of the amount between the two locations or name the schools involved.
NELFUND is the federal body that runs Nigeria's student loan scheme. The fund's disbursements are closely followed as a measure of how quickly the scheme is reaching eligible students across the country.
Details of the latest release remain limited beyond the total figure and the number of beneficiaries. The Guardian Nigeria News reports the sum as N218 million for the 3,575 students.
Watch for further NELFUND disbursement announcements and any institutional breakdown of this release.
