The Nigerian Educational Loan Fund (NELFund) has said it would disburse the sum of N850m to institutions as fees.
Managing Director of NELFund, Akintunde Sawyer disclosed this on Wednesday, July 31, 2024 during press briefing in Abuja.
According to Sawyer, “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.”
He informed that the Fund had disbursed institutional fees to 20,000 students through their institutions.
In addition, a total of 260,000 loans including institutional fees and upkeep had also been approved.
According to the NELFund Boss, no fewer than 1.2 million students are expected to benefit from this cardinal programme of President Bola Tinubu’s administration.
