Last Updated on 3 months ago by Haruna Ayuba
NELFUND received 8,574 new applications today, bringing the total number of loan requests since the portal launched on May 24, 2026 to 1,673,309. The fund has now disbursed N183,885,809,491 to 983,706 students across 265 institutions nationwide. Here’s everything you need to know about today’s numbers and what they mean for your application.
Today’s Quick Stats
| Metric | Value |
|---|---|
| Total Applications Received | 1,673,309 |
| Total Beneficiaries | 983,706 students |
| New Applications Today | 8,574 |
| Daily Growth Rate | 0.5% |
| Institutions Receiving Funds | 265 |
| Total Amount Disbursed | N183,885,809,491 |
What Changed Today
Today’s report shows 8,574 additional applications were submitted, representing a 0.5% increase from yesterday. This pushes the cumulative total past the 1.67 million mark — a significant milestone that reflects just how wide the demand for student financing has grown across Nigeria.
The daily growth rate holding at 0.5% is a healthy sign. It tells us that while the initial surge of applications from the portal’s early months has stabilised, new students continue to discover and engage with the scheme at a consistent pace. For those already in the queue, this steady cadence is good news — it means the system isn’t being overwhelmed with sudden spikes that could slow processing times.
On the disbursement side, the numbers as of February 1, 2026 remain at N183.8 billion, split between institutional fees and student upkeep allowances. This figure will be updated in subsequent reports as NELFUND processes disbursements through February.
What This Means for Students
The gap between total applications (1,673,309) and total beneficiaries (983,706) is something many students ask about. That gap doesn’t mean the remaining applications were rejected — it reflects applications still under review, those pending document verification, and students whose institutions have not yet been fully onboarded for disbursement. If your application is in that window, patience and document completeness remain your best tools.
With 265 institutions currently receiving funds, coverage is broad across federal universities, state universities, polytechnics, and colleges of education. If your institution is on the list, disbursement is already flowing — meaning approved students should be receiving or have recently received their upkeep allowances and institutional payments.
Based on the data tracked since this portal launched, the approval-to-application ratio sits at roughly 59%. That figure isn’t alarming — it accounts for applications still being processed, not just outright rejections. Students with complete, verified documentation continue to move through the system faster than those with gaps in their records.
Disbursement Breakdown
| Category | Amount |
|---|---|
| Institutional Fees Paid (265 institutions) | N107,086,869,491 |
| Student Upkeep Allowances | N76,798,940,000 |
| Total Loan Disbursed | N183,885,809,491 |
The split between institutional fees (58%) and upkeep allowances (42%) reflects NELFUND’s dual mandate — covering your tuition directly with the institution while also putting money in your hands for living expenses. Both components are disbursed once your application is fully approved and verified.
Pro Tip for Applicants
If your application has been sitting in “under review” status for more than 21 business days, log into your NELFUND portal dashboard and confirm that every required document — particularly your JAMB details, institution enrollment confirmation, and guarantor information — has been properly uploaded and verified.
Incomplete documentation is the single biggest reason applications stall, and a quick review of your checklist today could move you significantly closer to approval.
Common Questions Answered
Are private universities included in NELFUND disbursements?
Yes, but with an important distinction. NELFUND currently covers students in accredited federal and state universities, polytechnics, and colleges of education. Some private institutions have been onboarded, but coverage is not yet universal across the private sector. The best way to confirm your institution’s status is to check the official list on the NELFUND portal or contact your institution’s bursary office directly.
What happens if my application is rejected?
A rejection is not permanent. NELFUND allows students to reapply after addressing the reason for the initial rejection. Common reasons include mismatched personal data, unverified guarantors, and incomplete academic records.
Log into your dashboard to view the specific reason for your rejection, correct the issue, and resubmit. Students who address the flagged issue promptly have been able to receive approval on reapplication.
We track NELFUND’s daily disbursement data so you always have a clear picture of where the scheme stands. Bookmark CampusNinja and check back tomorrow for the next update.
