NELFUND Disburses N2.5bn Loans To 22,000 Students

Consequently, the Fund has further approved student loans amounting now to over N2,530,235,750, being disbursed across many institutions, benefiting 22,120 students.

The head, media and public relations of NELFUND, Mr. Nasir Ayitogo, in a press statement, said the strategic effort aimed to ensure that students who really need the funds can continue their education by lowering their burden of financial constraints.

“So far, six of the twelve institutions have received full payment of their institutional fees, covering over 20,000 students. The total amount disbursed to these institutions stands at approximately N2,026,163,340. A further six will receive their payments in the coming week.