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Nigerian Education Loan Fund Disburses N2bn to Six Universities

2024-08-04 16:19:09.720000

The Nigerian Education Loan Fund (NELFUND) has disbursed a total of N2,026,163,340 in institutional fees to six tertiary institutions across Nigeria. Bayero University Kano received the largest portion of the funds, totaling N853,775,000, while the University of Benin received the smallest amount, N24,412,500. The other four institutions that received full payment of their institutional fees include the University of Lagos, Ahmadu Bello University, University of Nigeria, and Obafemi Awolowo University. The remaining six institutions are scheduled to receive their payments in the upcoming week. This disbursement will benefit over 20,000 students in total. Additionally, NELFUND has started disbursing funds for student living expenses, allocating N442,400,000 for the month of July. These payments will support all 22,120 students across the twelve institutions. The Nigerian government remains committed to the well-being and academic success of students in government institutions [7a1ce371] [99526ebc].

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