The Nigerian Education Loan Fund has announced the approval of N20,075,050,006.55 for disbursement to 192,906 students in public tertiary institutions nationwide.

NELFund confirmed in an update posted on X on Monday that the disbursement was made as of January 1, 2025.

According to NELFund?s Managing Director, Akintunde Sawyerr, who provided an update in December 2024, the fund had previously said the agency disbursed N110bn to students across the country.

The latest disbursement will see Bayero University, Kano, benefiting the most, with 11,683 students approved to receive a total of N1.3bn. This is followed by the University of Maiduguri, where 12,198 students will share N1.27bn.

Similarly, the University of Jos has 6,988 students set to receive N941m, while 8,978 students of Federal University Dutsin-Ma will benefit from N909m.

At the University of Ibadan, 4,907 students will receive N746m, and 5,451 students of Federal University Dutse will share N593m. Usmanu Danfodiyo University, Sokoto, has 6,480 students slated to get N578m, while the University of Lagos will disburse N557m to 3,685 students.

On the other hand, institutions with fewer beneficiaries include Gombe State Polytechnic, Bajoga, where four students will receive N122,000, and Abia State Polytechnic, with two students approved to receive N106,300. Nwafor Orizu College of Education, Nsugbe, will disburse N214,116 to three students, and Kenule Benson Saro-Wiwa Polytechnic, Bori, will give N315,500 to seven students.

Three students at the Federal College of Education, Gidan Madi, will get N330,000, while 11 students from Federal Polytechnic Ukana, Akwa Ibom, will share N518,500. Nine students from Federal Polytechnic Nekede, Imo State, are set to receive N368,400, and 12 students from Alvan Ikoku Federal University of Education, Owerri, will get N528,500. (The PUNCH)

Update news