KEBBI GOVT DONATES 10 HILUX VEHICLES TO BOOST SECURITY ON SOKOTO–BADAGRY SUPER HIGHWAY. (PHOTOS).
The Nigerian Education Loan Fund (NELFUND) has disbursed over N20 billion in institutional fees to tertiary institutions nationwide, benefiting 192,906 students, the agency announced on Monday.
In a statement from its management in Abuja, NELFUND refuted claims that N104 billion had been disbursed, clarifying that the actual amount stands at N20.07 billion as of February 3, 2025.
The Fund has also provided additional financial support, distributing over N12.8 billion in stipends to 169,114 students, with each receiving N20,000 monthly.
Reaffirming its commitment to transparency, NELFUND assured the public of continuous updates on loan disbursements.
The student loan scheme remains a key initiative of President Bola Tinubu’s administration. Established under the Access to Higher Education Act, NELFUND oversees loan applications, disbursements, and recovery, ensuring financial support for low-income students in tertiary institutions.
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