The Nigerian Education Loan Fund processed 1,659,853 applications and disbursed N372.62 billion across 319 tertiary institutions, according to figures cited from the Federal Ministry of Education’s 2026 report.
Of the total, N192.89 billion covered tuition and N179.73 billion went to students’ upkeep. The technical and vocational training programme drew more than 2.8 million applications, with 156,446 verified trainees receiving free training and stipends. The government reported N3.52 trillion for education in the 2026 budget.
Source: Premium Times