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Home » NELFUND disburses N2.1 billion student loans to additional 40 institutions
Education

NELFUND disburses N2.1 billion student loans to additional 40 institutions

EditorBy EditorSeptember 6, 2024No Comments3 Mins Read

The Nigerian Education Loan Fund (NELFUND) has disbursed student loans to 40 additional Nigerian institutions, with 5 located in the Eastern part of the country.

Eagleeyes report that this brings the total number of beneficiary institutions to 59.

This was disclosed on Friday in a statement on the agency’s official X page.
The latest disbursement amounts to over N2.1 billion, benefiting 18,998 students nationwide.

Federal Polytechnic Nekede, Imo State – N368,400.00

Michael Okpara University of Agriculture, Umudike, Imo State – N71,016,220.00

Delta State University, Abraka, Delta State – N45,973,600.00

Ebonyi State University, Ebonyi State – N78,313,000.00

Alex Ekwueme Federal University, Ndufu, Anambra State – N193,377,100.00

Other universities
Federal University of Health Science Ila Orangun, Osun State – N7,448,000.00

Federal University Wukari, Taraba State – N97,398,000.00

Olabisi Onabanjo University, Ogun State – N7,265,000.00

University of Ibadan, Oyo State – N9,797,450.00

Osun State University, Osun State – N218,954,500.00

Usmanu Danfodio University, Sokoto State – N226,931,440.00

Zamfara State University, Zamfara State – N2,340,800.00

Emmanuel Alayande University of Education, Oyo State – N4,050,500.00

Federal Polytechnic Bali, Taraba State – N2,589,000.00

Federal University of Agriculture Abeokuta, Ogun State – N133,995,450.00

Federal University of Health Science Azare, Bauchi State – N14,170,000.00

Federal University Gusau, Zamfara State – N218,554,000.00

Federal University of Technology Ikot-Abasi, Akwa Ibom State – N6,308,000.00

Lagos State University of Education, Lagos State – N14,378,000.00

Moshood Abiola Polytechnic, Ogun State – N3,485,000.00

Ogun State Institute of Technology, Ogun State – N5,907,998.00

Tai Solarin University of Education, Ogun State – N10,802,000.00

University of Ilesa, Osun State – N98,871,500.00
University of Port Harcourt, Rivers State – N66,906,030.00

Gombe State University, Gombe – N3,621,000.00

Federal University of Technology Babura, Jigawa State – N64,565,000.00

Nigerian Army University, Biu, Borno State – N45,138,500.00

Abubakar Tafawa Balewa University Bauchi State – N256,912,600.00

Yusuf Maitama Sule University, Kano State – N4,297,178.00

Bauchi State University, Bauchi –
Yaba College of Technology, Lagos State – N733,000.00

Hussaini Adamu Federal Polytechnic Kazaure, Jigawa State – N621,256.80

Ignatius Ajuru University of Education Rivers State – N107,245,000.00

Federal University of Technology Akure, Ondo State – N34,428,000.00

Ladoke Akintola University, Oyo State – N8,670,000.00

Kogi State University, Kabba, Kogi State – N10,820,650.00
Niger State Polytechnic, Zungeru, Niger State – N4,535,000.00

Federal University of Health Science Otukpo, Benue State – N32,450,844.00

It could be recalled that South East leaders raised concerned with the exclusion of higher institutions from the region.

However, NELFUND addressed this in its present disbursement, which had sparked public criticism.
According to NELFUND, the exclusion was not deliberate but due to a lack of response from institutions in the South-East during the verification process.

The agency emphasized that geopolitical zones do not influence the selection process and that institutions from all regions are eligible.

“NELFUND sent a verification list to every institution eligible for disbursement. Payments are being made to institutions that have responded to this verification,” the agency stated in a post on X.
The agency further urged institutions in the South-East to complete the verification process, stressing that only verified students are eligible for the loans.

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