Nigerian Education Loan Fund Denies Loan Suspension

The Nigeria===Nigerian Education Loan Fund (NELFUND) has refuted claims circulating on social media regarding the suspension of its student loan disbursement program. NELFUND clarified that it has not issued any such directive and urged the public to rely on official communication channels for accurate updates. The agency reaffirmed that the student loan program remains fully operational, having already disbursed N242.4 billion to students across 288 institutions. This includes N157 billion for institutional fees and N85 billion for upkeep allowances, benefiting 1.39 million students out of 1.77 million applications. While states like Nigeria===Kano State, Nigeria===Borno State, Nigeria===Lagos State, Nigeria===Oyo State, Nigeria===Ekiti State, Nigeria===Bauchi State, Nigeria===Gombe State, Nigeria===Kaduna State, Nigeria===Katsina State, and Nigeria===Kwara State show high application rates, concerns have been raised about the low number of applications from South-South and South-East states in Nigeria.