Education Finance Policy · Daily Brief
NELFUND Explained 2026: Student Loans Hit N322bn as Nigeria's Education Finance Scheme Faces Sustainability Questions
Nigeria's NELFUND has disbursed over N322bn to 1.6 million students by August 2026. The scheme's monthly upkeep bill stands at N16bn with no loan recoveries yet, as the government explores funding from EFCC recoveries and unclaimed dividends.