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The Nigerian Education Loan Fund (NELFUND) has disbursed over N72 million in student loans to 1,607 students across three tertiary institutions in Nigeria.
The institutions that benefited from the loan disbursement are the Federal College of Education, Obudu; Abdulkadir Kure University, Minna; and Adamawa State University, Mubi.
In a statement on Tuesday, NELFUND on its official X account reaffirmed its commitment to supporting students in Nigerian tertiary institutions.
“We are pleased to announce the successful disbursement of funds to three institutions:
1. Federal College of Education, Obudu (disbursed in two tranches): 1st tranche: N14,320,500.00 to 215 students, 2nd tranche: N7,469,000.00 to 107 students.
2 . Abdulkadir Kure University, Minna, N2,900,000.00 to 9 students and Adamawa State University, Mubi, N47,621,121.00 to 1,283 students,” they stated
The institutions acknowledged the disbursement and commended NELFUND for its intervention.
The Federal College of Education, Obudu, described the initiative as a significant step in supporting students. 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…