NELFUND disburses over N72m in student loans to three institutions

The Nigerian Education Loan Fund (NELFUND) has disbursed over N72 million in student loans across three tertiary institutions, benefiting 1,607 students in a move to enhance access to higher education.

The fund was allocated to the Federal College of Education, Obudu; Abdulkadir Kure University, Minna; and Adamawa State University, Mubi.

In a statement on Tuesday, NELFUND reaffirmed its commitment to supporting Nigerian students, emphasizing that the initiative aligns with President Bola Tinubu’s vision of making education more accessible and reducing financial barriers for students.

“This disbursement is a testament to President Bola Ahmed Tinubu’s commitment to improving access to education and reducing financial barriers for students across the country,” the statement read.

The Federal College of Education, Obudu, received N21,789,500, with the first batch of N14,320,500 disbursed in October 2024 for 215 students, while the second batch of N7,469,000 was released on March 5, 2025, benefiting 107 students.

Abdulkadir Kure University, Minna, received N2,900,000 to cover tuition fees for nine students. In an acknowledgment letter signed by Registrar Dr. Garba Abdullahi, the institution confirmed receipt of the funds and expressed appreciation for the initiative.

Adamawa State University, Mubi, received the highest allocation of N47,621,121, benefiting 1,283 students.

The institution’s Acting Vice-Chancellor, Dr. Ibrahim Bwatanglang, confirmed receipt of the funds and expressed hope for continued collaboration with NELFUND.

The management of the Federal College of Education, Obudu, commended NELFUND for the successful implementation of the initiative.

In a letter signed by the Provost, Dr. Richard Utubaku, and the Bursar, Joseph Ogar, the institution stated, “This is a testament to President Tinubu’s relentless efforts in repositioning the Nigerian education system at all levels. We sincerely commend NELFUND for the smooth and transparent disbursement process.”

Similarly, Abdulkadir Kure University expressed gratitude for the intervention, noting that it had significantly eased financial difficulties for its students.

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