Last Updated on 3 months ago by Haruna Ayuba
NELFUND processed 5,541 new applications today, bringing the total to 1,604,790 since the portal launched on May 24, 2026. With 983,706 students now benefiting from ₦183.8 billion in disbursements across 265 institutions, the fund continues its steady support of Nigerian higher education. Here’s what today’s numbers tell us about the program’s momentum.
Today’s Quick Stats
- Total Applications: 1,604,790
- Total Beneficiaries: 983,706 students
- New Applications Today: 5,541
- Daily Growth Rate: 0.3%
- Institutions Receiving Funds: 265
- Total Disbursed: ₦183,885,809,491
What Changed Today
Today’s 0.3% growth rate represents a slower pace compared to recent weeks, with 5,541 Nigerian students submitting loan applications. This marks a noticeable dip from the 7,000+ daily applications we’ve tracked over the past month.
The lower application volume likely reflects the mid-semester timing. Most students who needed loans for the current academic session have already applied, and we’re now in a transitional period before the next major application wave begins for the upcoming semester.
Despite the slower intake, the total beneficiary count remains steady at 983,706 students. The approval rate continues to hold at approximately 61%, based on the ratio of beneficiaries to total applications. This consistency is actually good news for applicants, showing that processing standards remain stable.
What This Means for Students
The 0.3% daily growth rate shouldn’t concern you if you’re in the application pipeline. What matters more is that NELFUND’s processing capacity isn’t overwhelmed right now. With fewer new applications coming in, the system can focus on clearing existing submissions efficiently.
For students who applied in late January or early February, this lighter application load means your review might actually move faster than expected. The typical 14-21 business day processing window could trend toward the shorter end when the system isn’t handling 7,000+ daily submissions.
The disbursement figures remain unchanged from recent reports, with ₦107 billion paid directly to institutions and ₦76.8 billion distributed as student upkeep allowances. This stability indicates NELFUND is caught up on payments to approved beneficiaries. If your application was recently approved, expect your disbursement within the standard timeframe without delays.
Disbursement Breakdown
- Institutional Fees Paid: ₦107,086,869,491 (paid directly to 265 universities and polytechnics)
- Student Upkeep Allowances: ₦76,798,940,000 (paid to students’ accounts)
- Total Loan Disbursed: ₦183,885,809,491
Pro Tip for Applicants
If you’re planning to apply for the next semester, now is actually an ideal time to get your application in. The lower daily volume means your submission won’t be buried in a queue of thousands. Gather your documents, verify your guarantor information, and submit during this quieter period to potentially benefit from faster processing.
Common Questions Answered
How long does NELFUND take to process applications?
Current processing times run 14-21 business days for complete applications. With today’s lighter application volume, students submitting now might see reviews completed closer to the two-week mark rather than three. Incomplete applications still take longer, as they require follow-up verification.
What’s causing the lower application numbers today?
The 0.3% growth rate reflects natural semester cycles. Most students needing loans for the current session have already applied. Application volumes typically spike at the start of each semester when tuition deadlines approach, then taper during mid-semester periods like we’re seeing now.
Stay updated with CampusNinja for daily NELFUND insights. We track the numbers so you can focus on your education. Check back tomorrow for the next update!
