NELFUND disburses N20 billion to 192,906 students
The Nigerian Education Loan Fund (NELFUND), as of February 3, has disbursed a total of N20,074,050,000 for institutional fees, benefiting no fewer than 192,906 students across various tertiary institutions in the country.
NELFUND’s managing director, Akintunde Sawyerr, disclosed this in a statement on Monday in Abuja.
Mr Sawyerr also disclosed that the fund had received loan applications from no fewer than 364,042 students, adding that about 169,114 had benefitted from the NELFUND’s monthly stipends disbursement.
He added that N12,818,960,000 had been disbursed in this regard, with each student receiving N20,000.
“We appreciate the unwavering support of President Bola Tinubu in making higher education accessible to all deserving Nigerian students.
“NELFUND remains committed to transparency and efficiency in managing the student loan scheme and will continue to provide accurate updates as disbursements progress,” he stated.
(NAN)
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