- The Nigerian Education Loan Fund has disbursed over N2 billion to support 22,120 students, aiming to improve educational opportunities nationwide
- NELFund’s initiative includes upkeep funds, with N442 million allocated for July, ensuring financial support for students’ living expenses during their education
The Nigerian Education Loan Fund (NELFund) has disbursed over N2 billion in school fees to students at six institutions nationwide.
Nasir Ayitogo, the Fund’s spokesperson, announced the update in Abuja on Friday. He stated that 22,120 students have benefited from this initiative so far.
This move aligns with President Bola Tinubu’s commitment to improving educational opportunities for Nigerians. The effort aims to reduce financial barriers for students, helping them continue their education.
According to Ayitogo, the disbursements were timed according to the institutions’ academic calendars. “So far, six of the twelve institutions have received full payment for their institutional fees, benefiting over 20,000 students. The total disbursed amount is approximately N2,026,163,340. Payments for the remaining six institutions will be completed in the coming week,” he said.
These payments are intended to support students’ academic progress and provide relief to them and their families. Additionally, NELFund has started distributing upkeep funds, with N442 million allocated for July to cover living expenses.
“This initiative will support all 22,120 students across the twelve institutions, with further payments expected in the coming weeks and months,” Ayitogo added.