As of November 8, 2024, a total N11,047,793,949.80 has been disbursed to 105,844 students across 98 institutions by the Nigerian Education Loan Fund (NELFUND), data from the student loan agency has revealed.
They are:
Federal University of Health Science Ila Orangun, Osun State: N7,448,000
Federal University Wukari, Taraba State: N97,398,000
Olabisi Onabanjo University, Ogun State: N7,265,000
Osun State University, Osun State: N218,954,500
Usmanu Danfodio University, Sokoto State: N226,931,440
Zamfara State University, Zamfara State: N2,340,800
Delta State University, Abraka: N45,973,600
Abraham Adesanya Polytechnic, Ogun State: N7,846,500
Ebonyi State University: N78,313,000
Emmanuel Alayande University of Education, Oyo State: N4,050,500
Federal Polytechnic Bali, Taraba State: N2,589,000
Federal University of Agriculture Abeokuta, Ogun State: N133,995,450
Federal University of Health Science Azare, Bauchi State: N14,170,000
Federal College of Education Technical Gusau: N218,554,000
Federal University of Technology Ikot-Abasi, Akwa Ibom State: N6,308,000
Lagos State University of Education, Lagos State: N14,378,000
Moshood Abiola Polytechnic, Ogun State: N3,485,000
Ogun State Institute of Technology, Ogun State: N5,907,998
Tai Solarin University of Education, Ogun State: N10,802,000
University of Ilesa, Osun State: N98,871,500
University of Maiduguri (UNIMAID): N1,271,428,000
University of Ibadan (UI): N764,133,650
University of Ilorin (UNILORIN): N272,300,260
University of Benin (UNIBEN): 24,412,500
Federal University Dutsin-Ma, Katsina: N707,803,250
Bayero University Kano (BUK): N1,339,145,000
Federal College of Education Abeokuta: N1,945,700
Federal University of Technology Minna (FUTMinna): N62,928,600
Obafemi Awolowo University Ile-Ife (OAU): N50,414,000
Federal Polytechnic Ilaro: N8,347,465
University of Lagos (UNILAG): 122,494,400
University of Jos (UNIJOS): N209,320,000
Federal University of Education Technical Gusau Zamfara: N15,600,200
Federal College of Education Special Oyo: N18, 502,500
Federal University Dutse (FUD): N207,106,000
Federal University Birnin Kebbi: N130,002,800
Modibbo Adama University Adamawa: N83,837,850
Federal Polytechnic Bauchi: N7,218,800
Federal Polytechnic Mubi: N2,045,500
Federal Polytechnic Nekede, Imo State: N368,400
University of Port Harcourt, Rivers State: N66,906,030
Gombe State University, Gombe: N3,621,000
Abia State University: N12,469,500
Federal University of Technology Babura, Jigawa State: N64,565,000
Nigerian Army University, Biu, Borno State: N45,138,500
Abubakar Tafawa Balewa University Bauchi State: N256,912,600.00
Michael Okpara University of Agriculture, Umudike, Abia State: N71,016,220
Yusuf Maitama Sule University, Kano State: N4,297,178
Bauchi State University, Bauchi: N12,628,500
Yaba College of Technology, Lagos State: N733,000
Hussaini Adamu Federal Polytechnic Kazaure, Jigawa State: N621,256.80
Ignatius Ajuru University of Education Rivers State: N107,245,000
Federal University of Technology Akure, Ondo State: N34,428,000
Ladoke Akintola University, Oyo State: N8,670,000
Kogi State University, Kabba, Kogi State: N10,820,650
Niger State Polytechnic, Zungeru, Niger State: N4,535,000
Alex Ekwueme Federal University, Ndufu-Alike Ikwo, Ebonyi State: N193,377,100
Federal University of Health Science Otukpo, Benue State: N32,450,844
Akwa Ibom State University: N35,658,000
Akwa Ibom State Polytechnic: N14,133,000
Why did UNIMAID get as triple as what was disbursed to UI?
The difference in the disbursed amount shows that more students from the University of Maiduguri applied for the loan than students from University of Ibadan, hence the UNIMAID received N589,001,500 while University of Ibadan received N201,114,650 for the successful applicants.
NELFUND is a loan, not a free gift. So, if students from other institutions don’t apply, they won’t receive funds.
Why are the institutions in the Southeast left out?
Geopolitical zones are not a factor in the student loan disbursement process. Recall that NELFUND was updating the list of institutions that had sent data of their students, some complied, some did not.
NELFUND sent a verification list to every institution eligible for disbursement, but institutions didn’t respond. Payments are being made to institutions that have responded to this verification.
“Unfortunately, we have not yet received any response from the institutions in the South-East. We urge these institutions to complete the verification process so that their students can benefit from the scheme,” NELFUND says in a tweet.
This trend in the disbursement process and the dominance of the Northern-based institutions isn’t surprising to EdubaseNG and to those who have been following the update from management of NELFUND since the application portal was launched.
At a point, the Managing Director of the Fund Mr Akintunde Sawyerr said that students in the Northern region embraced the initiative since its student loan was launched, saying Northern-based institutions have also been complying with the guidelines of the Fund by sending data of their students to the Fund.
Besides, research has also shown that some students from SE who are undergraduates in institutions in other regions are beneficiaries.
Conclusion
We urge students in Southeast-based institutions to put persuade their respective institutions to verify them and comply with NELFUND guideline. They need to abide by the procedure the Fund put in place so that their students can massively benefit from the student loans like their counterparts in the North and other parts of the country.
Loan disbursement isn’t based on the political choices of the region nor their religion. It is an equal opportunity for all. It is a loan that will be paid back.
Join EdubaseNG WhatsApp Channel to get the latest education & student loan tips
Join our Telegram Channel to get the latest news about Student Loans & Education News.

Are you a stakeholder in education? You can become our guest writer. Write to us using our our email address here
I applied since June 26th and I wasn’t given the loan because of the wallet account that I put but have updated it and put my first bank account so are they still going to pay me. And when are they releasing second batch I mean people that applied after the first payment