In a significant move to enhance educational opportunities for Nigerian students, NELFUND has expanded its student loan program to include 40 additional institutions, bringing the total to 59. This expansion highlights NELFUND’s dedication to making quality education accessible to Nigerian students, regardless of their financial circumstances. The announcement was made on NELFUND’s official X (formerly Twitter) account on September 6, 2024.
Key Details:
NELFUND expressed satisfaction with the progress of the loan program, stating, “NELFUND is pleased to announce that it has successfully disbursed student loans to 40 additional institutions, bringing the total disbursements to institutions to 59.” This marks a major milestone in NELFUND’s ongoing efforts to support Nigerian students in achieving their educational goals.
Loan Disbursements:
Here is a list of the newly added institutions in the eastern region and the corresponding loan amounts they received:
- 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 notable institutions benefiting from the expansion include:
- Osun State University, Osun State – N218,954,500.00
- Usmanu Danfodio University, Sokoto State – N226,931,440.00
- Federal University of Agriculture Abeokuta, Ogun State – N133,995,450.00
- University of Port Harcourt, Rivers State – N66,906,030.00
- Abubakar Tafawa Balewa University, Bauchi State – N256,912,600.00
This expansion demonstrates NELFUND’s resolve to bridge the financial gap in education and ensure that more Nigerian students have the opportunity to pursue higher education.
Additional Information:
Recently, NELFUND released data on student loan registrations, showing significant demand across various states in Nigeria. Kano State leads with the highest number of applicants, with 17,122 students applying out of 20,814 registered students.
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