Top Universities in Nigeria See Surge in NELFUND Loan Applications in September 2025

In September 2025, the Nigerian Education Loan Fund (NELFUND) saw a significant increase in loan applications, with Maiduguri emerging as the top institution for student loan requests. Data from StatiSense revealed that Bayero University, Federal University, and Ahmadu Bello University followed closely in the number of applications received.

Other notable institutions included Aliko Dangote University and Science & Technology University. This surge in loan applications reflects the growing reliance on the federal student loan scheme, which was restructured in 2024 under the Student Loans Access to Higher Education Act signed by President Bola Tinubu.

NELFUND aims to provide loans to Nigerian students to cover tuition and living expenses at various tertiary institutions.