The Nigerian Education Loan Fund (NELFUND) on Wednesday, disclosed that it has disbursed a total of N1.17 billion to 20,000 students in five of the nation’s public tertiary institutions.
Managing Director of NELFUND, Akintunde Sawyerr, who disclosed this at a news conference in Abuja, said one more institution would be added before the end of the day, noting that NELFUND would keep increasing the number based on applications.
According to him, the fund was working on reviewing another 100 institutions whose application had been received
“I am delighted to share that, following President Bola Tinubu’s directive, NELFUND has been able to disburse students’ institutional fees amounting to N1,172,388,340.00 for 20,000 students (100 per cent paid) in the institutions across the country.
“These institutions were carefully selected based on their academic calendar.
“Disbursement to other institutions will be made at the beginning of their sessions, to ensure a transparent and equitable distribution of resources,’’ he said.
Sawyerr, said an additional disbursement of N850 million would leave NELFUND to various institutions due to receive the loans.
He also disclosed that a total of 260,000 students had been approved for payment of upkeep loans and their institutions’ charges
He said the upkeep loan and institution charges for each student is N250,000 per annum. However, a student could apply less than the approved amount.
According to him, not every student that takes the institution loan wanted the upkeep loan, which would be paid in tranches based on students’ need.
When asked if the loans could be given to post graduate students, Sawyerr said the mandate of the fund focuses on undergraduate students with the least opportunities,
“Our focus is on the undergraduate students. It is a fund that enables those who have the least opportunities to get education.
“While we acknowledge that there are students who will want to pursue their postgraduate studies, for now, our target is undergraduate students,’’ he said.
Kuni Tyessi
Follow us on:
Volkswagen and Rivian have launched a $5.8bn joint venture, sharing critical EV technology amid slowing…
Trump has appointed Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency…
Tinubu has celebrated Edo’s democratic progress, declaring Nigeria’s economic challenges over, and calling for reconciliation…
Atiku has urged PDP members in Ondo to mobilise support for Agboola Ajayi, stressing his…
Angola is set to hold a 2025 Bilateral Joint Commission meeting with Nigeria to update…
President Tinubu, Governors Sanwo-Olu and Makinde are to headline NSE conference, featuring 6,000 engineers and…
View Comments
O8O__6739__9O9O
O8O__6739__9O9O
CALL +234-8--0--67__39-_90--90DIRECTLY AND REQUEST FOR MORE PRODUCTS NCS IS ALWAY AVAILABLE TO ASSIST YOU ON YOUR DREAM CAR. THANKS FOR PATRONAGE
.CAMRY TINY LIGHT #400,000
CAMRY BIG DADDY #500,000
CAMRY MUZZLE #1m550,000
CAMRY SPIDER #1m650,000
TOYOTA RAV4 #1m750,000
TOYOTA AVALON #1m650,000
TOYOTA VENZA #1,8MILLION
TOYOTA PICNIC #1m400,000
TOYOTA HILUX #1,5MILLION
TOYOTA O 3M
TOYOTA PRADO 2,5MILLION
Hiace Bus 1million
ACURA MDX #1m200,000
ACURA TL #1MILLION
ACURA ZDX #1,5MILLION
NISSAN MURANO #1m800,000
NISSAN PATHFINDER #900,000
NISSAN XTERA #950,000
NISSAN ARMADA #4,5MILLION
NISSAN PICANTO #400,000
NISSAN ALMERA #450,000
NISSAN SENTRA #700,000
HONDA PILOT #950,000
HONDA ODDYSEY #800,000
HONDA ELEMENT #2MILLION
HONDA ACCORD #950,000
HONDA BABY BOY #700,000
HONDA EVIL SPIRIT #850,000
RANGE ROVER SPORT #4,8M
LAND ROVER SPORT #2,5MILLION
LAND ROVER DISCOVERY #3M
LEXUS RX300 #700,000
LEXUS RX330 #800,000
LEXUS RX350 #1,2M
LEXUS ES300 #850,000
LEXUS ES330 #900,000
LEXUS ES350 #1MILLION
LEXUS GX460 #1,5M
LEXUS GX470 #1,8M
LEXUS LX570 #2,8M
MERCEDES C200 #1,5M
MERCEDES C230 #1,8M
MERCEDES C250 #2M
MERCEDES C300 2,5M
MERCEDES 4MATIC 2,8M
MERCEDES GLK 3M
WE ALSO HAVE TRUCKS FOR SALE!!!! EVERY BUYER IS EXPECTED TO PAY FOR THE DOCUMENTS OF THE VEHICLES BEFORE THE DELIVERY WILL COMMENCE!!!! WE DELIVER NATION WIDE NOTICE INSTALMENTAL PAYMENT IS ALLOWED!!!!!! THANKS FOR PATRONIZING WITH US.!!!!!!!