NELFUND CONTINUES THE DISBURSEMENT OF STUDENT LOANS TO INSTITUTIONS AND STUDENTS NATIONWIDE 02-08-24
By Sadiq Aminu In line with President Bola Tinubu’s commitment to enhancing educational opportunities for Nigerians, the Nigerian Education Loan Fund, NELFUND has continued the disbursement of student loans to institutions and students nationwide.
A statement from the Agency explains that as at 3rd August, 2024, approved student loans amounting to over N2,530,235,750, has being disbursed to six institutions across the country, benefiting 22,120 students.
It says further six institutions will receive their payments in the coming week.
According to the statement, payment of upkeep to students which covers essential financial support for living expenses has also commenced and a total of N442,400,000 has been allocated for the month of July.
It explains that the upkeep payments will benefit all 22,120 students across the twelve institutions, with more to come.
The statement reads in part ‘’In addition to the institutional fees, NELFUND has also commenced the payment of upkeep to students.
This initiative will provide essential financial support for living expenses. A total of N442,400,000 has been allocated for the month of July.
The upkeep payments will benefit all 22,120 students across the twelve institutions, with more to come in the coming weeks and months, reflecting the federal government’s commitment to the overall well-being and academic success of Nigerian students in government institutions.
These figures highlight NELFUND’s unwavering dedication to ensuring that financial constraints do not impede academic pursuits
NELFUND believes that these disbursements will significantly ease the financial burdens on students and their families, enabling them to focus on their studies and future careers’’
It clarifies that the disbursements are made at the beginning of each institution’s academic session.