The Federal Government of Nigeria has disbursed N303 billion in student loans to 850,000 beneficiaries across public tertiary institutions, according to reports from Leadership and The Punch.
The disbursement is part of the ongoing rollout of the Nigerian Education Loan Fund (NELFUND), a policy initiative designed to improve access to higher education by providing financial support to students who lack the means to pay tuition fees.
6 billion in trades, highlighting sustained investor interest in sovereign debt.
The scale of the disbursement underscores the government's commitment to expanding the loan program, which has faced scrutiny over repayment mechanisms and administrative efficiency since its inception.
By reaching 850,000 students, the program has significantly broadened its footprint, potentially easing liquidity pressures on families and reducing dropout rates in public universities and polytechnics.
This development comes as the Nigerian government continues to manage its fiscal obligations through various debt instruments.
Recent market activity has seen Federal Government of Nigeria (FGN) bonds account for N721.6 billion in trades, highlighting sustained investor interest in sovereign debt.