Last Updated on 3 months ago by Haruna Ayuba
NELFUND added 6,215 new applications today, pushing the total to 1,628,276 since the programme launched on May 24, 2026. The 0.4% daily growth rate matches yesterday’s pace, signaling stable application momentum as the new academic semester continues. The total disbursement stands at N183,885,809,491, benefiting 983,706 students across 265 institutions. Here’s what the numbers mean for your application.
Today’s Quick Stats
| Metric | Value |
|---|---|
| Total Applications (from inception) | 1,628,276 |
| Total Beneficiaries | 983,706 students |
| New Applications Today | 6,215 |
| Daily Growth Rate | 0.4% |
| Institutions Receiving Funds | 265 |
| Total Amount Disbursed | N183,885,809,491 |
What Changed Today
Today’s 6,215 new applications mark a 0.4% increase, identical to yesterday’s growth rate. This consistency over consecutive days is a positive indicator — it suggests NELFUND’s processing infrastructure is absorbing new submissions at a predictable rate without creating backlogs or bottlenecks.
The application total now stands at 1,628,276, which means NELFUND has processed an additional 6,215 submissions since yesterday’s report. This brings the cumulative number of applications over the past two days to 12,673, averaging 6,336 applications per day during this window.
Disbursement figures remain unchanged from yesterday at N183.8 billion, as the report continues to reflect data captured as of February 1, 2026. This lag is standard practice in NELFUND’s reporting methodology — disbursement figures are typically updated in batches rather than in real time. Applicants who received approval notices after February 1 should expect their disbursements to appear in future updates.
What This Means for Students
The stable 0.4% daily growth rate over two consecutive days tells you something important: application volumes are normalizing after the initial rush that typically accompanies the start of a new semester. For students who are still deciding whether to apply, this stabilization means you’re not competing against a flood of last-minute submissions — the system is managing demand efficiently.
With 983,706 beneficiaries already funded and a total of 1,628,276 applications received, we can infer an overall approval rate of approximately 60%. This means that six out of every ten applications submitted since the programme launched have resulted in successful disbursements. While this isn’t an official NELFUND statistic, the data-backed estimate gives you a realistic sense of your odds if you submit a complete, accurate application.
The N183.8 billion disbursement breakdown remains consistent: N107,086,869,491 in institutional fees and N76,798,940,000 in student upkeep allowances. That 58/42 institutional-to-student split demonstrates NELFUND’s dual commitment to covering tuition and supporting daily living expenses — both components are essential to removing financial barriers to education.
Disbursement Breakdown
| Component | Amount |
|---|---|
| Institutional Fees Paid (265 institutions) | N107,086,869,491 |
| Student Upkeep Allowances | N76,798,940,000 |
| Total Loan Disbursed | N183,885,809,491 |
Pro Tip for Applicants
If you applied within the last three weeks and haven’t received a status update, this is a good time to log into your NELFUND dashboard and check for pending action items. The most common reason for processing delays at this stage is missing or unverified guarantor information. Make sure your guarantor has received and completed their verification process — NELFUND will not approve your application until that step is finalized, even if all your other documents are in order.
Common Questions Answered
Can I apply if I’m already in 200 level or above?
Yes, NELFUND does not restrict eligibility based on your current academic level. Students in 200 level, 300 level, or final year can apply, provided they meet the general eligibility criteria: Nigerian citizenship, enrollment in an accredited institution, and demonstrated financial need. The loan covers tuition fees and upkeep allowances for the duration of your remaining study period, regardless of when you apply.
When do successful applicants receive funds?
Disbursement timing depends on two factors: institutional fee payments are processed first and sent directly to your school, while upkeep allowances are credited to your bank account shortly after. Based on patterns we’ve tracked, most students receive their upkeep allowances within 7-14 days of receiving an approval notification. Institutional payments often clear faster, as they’re handled through bulk transfers to universities.
We track NELFUND updates daily so you don’t have to. Bookmark this page and check back tomorrow for the next report.
