The Nigerian Education Loan Fund has disbursed more than N72 million in student loans, benefiting 1,607 students across three tertiary institutions.
The financial support, aimed at easing tuition burdens, was allocated to the Federal College of Education, Obudu; Abdulkadir Kure University, Minna; and Adamawa State University, Mubi.
According to a statement issued on Tuesday, NELFUND reaffirmed its commitment to ensuring that financial constraints do not hinder access to higher education.
“This disbursement is a testament to President Bola Ahmed Tinubu’s commitment to improving access to education and reducing financial barriers for students across the country,” the statement read.
Federal College of Education, Obudu received N21,789,500 in two batches. The first, disbursed in October 2024, amounted to N14,320,500 for 215 students, while the second batch of N7,469,000 was disbursed on March 5, 2025, benefiting 107 students.
Abdulkadir Kure University, Minna was allocated N2,900,000 to cover tuition fees for nine students.
In an acknowledgment letter, the institution’s registrar, Dr. Garba Abdullahi, confirmed receipt of the funds and expressed appreciation for the initiative.
Adamawa State University, Mubi received the highest allocation, with N47,621,121 benefiting 1,283 students.
Acting Vice-Chancellor Dr. Ibrahim Bwatanglang acknowledged the disbursement and expressed optimism for continued collaboration.
The management of the Federal College of Education, Obudu, lauded the initiative, stating that it reflects the administration’s efforts to reposition the education sector. In a letter signed by the Provost, Dr. Richard Utubaku, and the Bursar, Joseph Ogar, the institution praised the smooth and transparent disbursement process.
Similarly, Abdulkadir Kure University noted that the intervention had significantly relieved students of financial difficulties.
Adamawa State University assured NELFUND of its commitment to ensuring proper utilisation of the funds and requested an approved list of beneficiaries for the second batch.
NELFUND reiterated its dedication to expanding access to student loans, ensuring that no qualified Nigerian student is denied higher education due to financial constraints.
“We remain steadfast in our mission to provide financial support to students in tertiary institutions across the country. This is only the beginning, as more disbursements will follow in the coming months to ensure a wider reach,” the statement read.
