Edugist

BREAKING: Nigerian students to get N850m loan today

The Nigerian Educational Loan Fund on Tuesday said it would disburse the sum of N850M to institutions as fees Today (Wednesday).
Student loan
Student loan
Get stories like these delivered straight to your inbox.

The Nigerian Educational Loan Fund on Tuesday said it would disburse the sum of N850M to institutions as fees Today (Wednesday).

This is apart from the over N1.7Bn that has been disbursed to about 20,000 students.

The Managing Director of the Fund, Akintunde Sawyer, made this known during an ongoing press briefing in Abuja.

“The sum of N850M will be leaving the account of NELFUND Today to institutions. This is apart from the N1.7Bn naira that has already been disbursed.”

Earlier, Sawyer revealed that the Fund had disbursed institutional fees to 20,000 students through their institutions.

He also noted that a total of 260,000 loans including institutional fees and upkeep have been approved.

No fewer than 1.2 million students are expected to benefit from this cardinal programme of President Bola Tinubu’s administration.

The President approved N35bn for the take-off of the scheme after signing the law backing the scheme on April 3.

Share this article

All right reserved. You may not reproduce or republish Edugist content in whole or part without express written permission. Only use the share buttons.

Support Edugist’s goal of giving education a voice

Even a small donation will make a difference.

Related Content

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
???? Hi, how can I help?
Scroll to Top

Fill the form below to download the WASSCE 2024 Timetable

Be the First to Know When we Publish new Contents

“Stay ahead of the educational curve! Subscribe to Edugist’s newsletter for the latest insights, trends, and updates in the world of education. Join our community today and never miss out on valuable content. Sign up now!”