Six institutions that received N2,026,163,340 disbursed by the Nigerian Education Loan Fund (NELFUND) as institutional fees have been announced.
The list of institutions was released on the official X handle of the fund on Saturday.
They include the University of Ibadan, Bayero University, Kano, University of Ilorin, University of Benin, University of Maiduguri and Federal University, Dutsinma, Katsina State.
The fund disbursed N853,775,000 to Bayero University, Kano, N589,001,500 to the University of Maiduguri and N304,961,800 to the Federal University, Dutsinma, Katsina State.
Further details showed that the University of Ibadan got N201,114,650, the University of Ilorin got N52,897,890, and while University of Benin got N24,412,500.
The fund had earlier in a statement said that the strategic effort aimed to ensure that students, who needed the funds, could continue their education by lowering the burden of financial constraints.
“So far, six of the 12 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.
“These disbursements will ensure that Nigerian students can proceed with their academic activities unimpeded, fostering peace of mind much needed for these students and their families,” the fund said.
