The Nigerian Education Loan Fund (NELFUND) has approved student loan disbursements to five tertiary institutions in the South-East and 35 other regions in Nigeria.
NELFUND disclosed this in a statement on Friday, announcing
the second phase of disbursements.
Institutions from the South-East include Federal
Polytechnic, Nekede, Imo State; Ebonyi State University; Abia State University;
Michael Okpara University of Agriculture, Umudike; and Alex Ekwueme Federal
University, Anambra State.
The agency also noted that a total of 2.1 billion Naira was
disbursed to an additional 40 tertiary institutions, bringing the total number
of beneficiary institutions to 59.
The implication is that Nigerian students in institutions
nationwide have benefitted from the student loan scheme, which had a budget of
50 billion Naira in the 2024 fiscal year.
“This expansion marks a significant milestone in NELFUND’s
ongoing commitment to providing access to quality education for all Nigerian
students, regardless of their financial circumstances,” NELFUND stated.
The latest disbursement comes months after NELFUND disbursed
1.17 billion Naira in institutional fees, covering 20,000 beneficiaries of the
scheme.
Recall that the apex Igbo socio-cultural organization, Ohanaeze
Ndigbo Youth Council Worldwide, had earlier expressed anger at the exclusion of
institutions from the South-East in the first phase of the student loan scheme
disbursement.
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