{"id":147510,"date":"2025-01-24T18:18:42","date_gmt":"2025-01-24T17:18:42","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nelfund-claims-disbursement-of-n116-2bn-students-loans"},"modified":"2025-02-05T00:48:37","modified_gmt":"2025-02-04T23:48:37","slug":"nelfund-claims-disbursement-of-n116-2bn-students-loans","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans","title":{"rendered":"NELFUND claims disbursement of N116.2bn students loans"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigerian Education Loan Fund, NELFUND, declared in Abuja on Thursday that as of January 1, 2025, it has disbursed N116. 184 billion for the upkeep of students across 176, 252 beneficiary institutions in the country.<\/p>\n

NELFUND, however, was given a paltry N58.4 billion budget envelope for 2025 fiscal year.<\/p>\n

The Managing Director of NELFUND, Akintunde Sawyer, who stated these in his presentation before the National Assembly Joint Committee on Tertiary Institutions and TETFUND during budget defence session, clarified that out of the N116.184 billion, N37.7 billion was expended on institution loan.<\/p>\n

According to him, a total number of 352, 796 students applied for the loan out of which 108,484 were granted.<\/p>\n

On the 2025 budgetary proposal, the NELFUND boss informed the Senator Muntari Dandutse and Hon Gboyega Isiaka-led joint committee that only N58.4 billion budget envelope was given to the agency.<\/p>\n

\u201cOut of the N58.4 billion budgetary proposal for 2025, N12.2 billion is earmarked for personnel cost, N24.7 billion for overhead cost and N21.4 billion for capital expenditure,\u201d he explained.<\/p>\n

After consideration of budgetary proposals of the agency, the joint committee accordingly approved it through voice vote by members.<\/p>\n

Earlier, before the approval of the agency\u2019s 2025 budgetary proposals, the chairman of the joint committee, Senator Dandutse Muntari harped on transparency in the spending of appropriations made for the agency in 2025.<\/p>\n

\u201cWe will examine NELFUND\u2019s financial plan for the upcoming fiscal year to evaluate its alignment with national educational goals and its capacity to meet the growing demands for student loans because the agency plays an indispensable role in bridging financial gaps for students across our tertiary institutions,\u201d he said.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigerian Education Loan Fund, NELFUND, declared in Abuja on Thursday that as of January 1, 2025, it has disbursed N116. 184 billion for the upkeep of students across 176, 252 beneficiary institutions in the country. NELFUND, however, was given a paltry N58.4 billion budget envelope for 2025 fiscal year. The Managing […]<\/p>\n","protected":false},"author":84,"featured_media":147509,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[14034,254],"class_list":["post-147510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-nelfund","tag-nigeria"],"yoast_head":"\nNELFUND claims disbursement of N116.2bn students loans - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigerian Education Loan Fund, NELFUND, declared in Abuja on Thursday that as of January 1, 2025, it has disbursed N1 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NELFUND claims disbursement of N116.2bn students loans\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Education Loan Fund, NELFUND, declared in Abuja on Thursday that as of January 1, 2025, it has disbursed N1 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-24T17:18:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-04T23:48:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/01\/sm_1737730398.731702.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NELFUND claims disbursement of N116.2bn students loans\",\"datePublished\":\"2025-01-24T17:18:42+00:00\",\"dateModified\":\"2025-02-04T23:48:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans\"},\"wordCount\":281,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/01\/sm_1737730398.731702.jpg\",\"keywords\":[\"NELFUND\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nelfund-claims-disbursement-of-n116-2bn-students-loans\",\"name\":\"NELFUND claims disbursement of N116.2bn students loans - 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