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Good day to you. Daily quote: Our Father, who art in heaven, hallowed be thy name; thy kingdom come; thy will be done; on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation; but deliver us from the evil one. For thine is the kingdom, the power and the glory, for ever and ever. Amen.Matthew 6:9-13 Matthew 6:1-34 6 “Take care not to practice your righteousness in front of men to be noticed by them; otherwise you will have no reward with your Father who is in the heavens. 2  So when you make gifts of mercy, do not blow a trumpet ahead of you, as the hypocrites do in the synagogues and in the streets, so that they may be glorified by men. Truly I say to you, they have their reward in full. 3  But you, when making gifts of mercy, do not let your left hand know what your right hand is doing, 4  so that your gifts of mercy may be in secret. Then your Father who looks on in secret will repay you. 5  “Also, when you pray, do not act like the hypocrites, for they like to pray standing in the synagogues and on the corners of the main streets to be seen by men. Truly I say to you, they have their reward in full. 6  But when you pray, go into your private room and, after shutting your door, pray to your Father who is in secret. Then your Father who looks on in secret will repay you. 7  When praying, do not say the same things over and over again as the people of the nations do, for they imagine they will get a hearing for their use of many words. 8  So do not be like them, for your Father knows what you need even before you ask him. 9  “You must pray, then, this way: “‘Our Father in the heavens, let your name be sanctified. 10  Let your Kingdom come. Let your will take place, as in heaven, also on earth. 11  Give us today our bread for this day; 12  and forgive us our debts, as we also have forgiven our debtors. 13  And do not bring us into temptation, but deliver us from the wicked one.’ 14  “For if you forgive men their trespasses, your heavenly Father will also forgive you; 15  whereas if you do not forgive men their trespasses, neither will your Father forgive your trespasses.t 16  “When you fast, stop becoming sad-faced like the hypocrites, for they disfigure their faces so they may appear to men to be fasting. Truly I say to you, they have their reward in full. 17  But you, when fasting, put oil on your head and wash your face, 18  so that you may not appear to be fasting to men but only to your Father who is in secret. Then your Father who looks on in secret will repay you. 19  “Stop storing up for yourselves treasures on the earth, where moth and rust consume and where thieves break in and steal. 20  Rather, store up for yourselves treasures in heaven, where neither moth nor rust consumes, and where thieves do not break in and steal. 21  For where your treasure is, there your heart will be also. 22  “The lamp of the body is the eye. If, then, your eye is focused, your whole body will be bright. 23  But if your eye is envious, your whole body will be dark. If the light that is in you is really darkness, how great that darkness is! 24  “No one can slave for two masters; for either he will hate the one and love the other, or he will stick to the one and despise the other. You cannot slave for God and for Riches. 25  “On this account I say to you: Stop being anxious about your lives as to what you will eat or what you will drink, or about your bodies as to what you will wear. Does not life mean more than food and the body than clothing? 26  Observe intently the birds of heaven; they do not sow seed or reap or gather into storehouses, yet your heavenly Father feeds them. Are you not worth more than they are? 27  Who of you by being anxious can add one cubit to his life span? 28  Also, why are you anxious about clothing? Take a lesson from the lilies of the field, how they grow; they do not toil, nor do they spin; 29  but I tell you that not even Solʹo•mon in all his glory was arrayed as one of these. 30  Now if this is how God clothes the vegetation of the field that is here today and tomorrow is thrown into the oven, will he not much rather clothe you, you with little faith? 31  So never be anxious and say, ‘What are we to eat?’ or, ‘What are we to drink?’ or, ‘What are we to wear?’ 32  For all these are the things the nations are eagerly pursuing. Your heavenly Father knows that you need all these things. 33  “Keep on, then, seeking first the Kingdom and his righteousness, and all these other things will be added to you. 34  So never be anxious about the next day, for the next day will have its own anxieties. Each day has enough of its own troubles. … Stay safe and connected for more Bible Verses.

Complete Information: NELFUND Disburses ₦322 Billion to 1.66 Million Student Loan Beneficiaries Since Inception

NELFUND Disburses ₦322 Billion to 1.66 Million Student Loan Beneficiaries Since Inception

Posted on 9th August, 2026.

The Nigerian Education Loan Fund (NELFUND) has continued to expand its financial support for students across Nigeria, with the student loan scheme reportedly reaching about ₦322 billion in cumulative disbursements and approximately 1.66 million beneficiaries since its inception.

The development highlights the growing role of the Federal Government's student loan programme in helping Nigerian students meet the financial demands of tertiary education.

Recent NELFUND figures reported in July 2026 put total disbursements at ₦303.91 billion for about 1.64 million students as of July 3. The latest reported figure therefore represents further growth in both funding and beneficiaries.

NELFUND Student Loan Scheme Continues to Grow

The NELFUND student loan initiative was introduced to reduce financial barriers that prevent qualified Nigerians from accessing or completing tertiary education.

Since the opening of the application portal in May 2024, millions of applications have been submitted by students seeking support for institutional fees and living expenses.

Earlier in March 2026, NELFUND reported that it had disbursed ₦206.29 billion to 1,164,222 beneficiaries, with ₦128.84 billion paid to institutions for tuition and ₦77.45 billion provided to students as upkeep allowances.

The rapid increase in the figures demonstrates how quickly the programme has expanded since its launch.

How the NELFUND Funding Supports Students

NELFUND's support is broadly divided into two major areas.

1. Institutional Fees
A portion of the loan is paid directly to participating tertiary institutions to help cover eligible institutional charges on behalf of students.

This arrangement reduces the immediate financial burden on students and their families and allows beneficiaries to continue their education without having to raise the entire cost of their institutional fees at once.

2. Upkeep Allowance
NELFUND also provides upkeep support directly to eligible students. The funds are intended to help beneficiaries manage expenses associated with their education and daily living.

As of March 2026, NELFUND had reported ₦77.45 billion in upkeep disbursements, alongside ₦128.84 billion paid to institutions.

More Than 1.6 Million Students Benefiting

One of the most significant developments in the programme has been the increase in the number of students benefiting from the scheme.

By early July 2026, reports based on NELFUND records indicated that the number of beneficiaries had risen to approximately 1.64 million, compared with about 1.59 million in early May.

The latest figure of roughly 1.66 million beneficiaries shows that the programme continues to expand as applications are processed and payments are made.

The NELFUND website also provides a public data dashboard showing the scale of its student-loan initiative and participating institutions.

NELFUND Reaches More Institutions

The expansion is not limited to the number of students. More tertiary institutions are also participating in the programme.

In March 2026, NELFUND reported that 270 institutions had benefited from the scheme. By April, reports indicated that the number of participating institutions had increased further, with the programme covering institutions across different parts of Nigeria.

In July 2026, for example, NELFUND announced a ₦1.5 billion disbursement to 6,129 students across three institutions for the 2025/2026 academic session. The institutions included Bamidele Olumilua University of Education, Science and Technology in Ekiti State, Sikiru Adetona College of Education, Science and Technology in Ogun State, and Edo State College of Nursing Sciences in Benin City.

What the Development Means for Nigerian Students

The increasing disbursement of student loans could provide significant relief to families struggling with the rising cost of higher education.

For students who qualify, financial assistance can help them remain in school, concentrate on their studies and reduce the pressure associated with paying tuition and meeting basic educational expenses.

The scheme is also intended to improve access to higher education by ensuring that financial difficulties do not automatically prevent eligible students from pursuing tertiary education.

According to information on the official NELFUND portal, the loan is interest-free, while repayment is structured to begin after the applicable period following NYSC.

NELFUND Scheme Targets Wider Coverage

The Federal Government and the National Assembly have also indicated plans to significantly expand the reach of the student loan programme.

A June 2026 report said NELFUND and the National Assembly were working on an expansion strategy aimed at increasing the programme's reach from about 1.6 million beneficiaries to seven million students nationwide.

If successfully implemented, the expansion could make the scheme accessible to millions more Nigerian students who require financial assistance to pursue higher education.

Conclusion

NELFUND's reported milestone of approximately ₦322 billion disbursed to about 1.66 million students since inception represents a major expansion of Nigeria's student financing programme.

From tuition payments made directly to institutions to upkeep support provided to students, the initiative is designed to address some of the financial challenges facing students in tertiary institutions.

With the number of beneficiaries continuing to grow and plans underway to expand coverage further, NELFUND is becoming an increasingly important part of Nigeria's effort to improve access to higher education.

Students interested in the programme should rely on the official NELFUND portal and announcements from their institutions for current application, eligibility and disbursement information.