State funding for religions often includes financial support for religious institutions, religious education, religious festivals, and renovation of religious monuments. The nature and extent of this funding vary widely across different states, often reflecting the historical, cultural, and constitutional contexts.

The "Access to Higher Education Act, 2023" recently signed into law in Nigeria establishes an Education Loan Fund to provide interest-free loans for Nigerians pursuing higher education. Repayments begin two years after students complete the National Youth Service Corps (NYSC) program. The Nigerian Education Loan Fund is financed through diverse sources, including oil profits, taxes, and education bonds. It is managed by a committee chaired by the Central Bank of Nigeria (CBN) governor, with representation from various educational and professional bodies. This committee establishes the application process, eligibility criteria, and loan repayment terms.