Photo caption: Student loan
The Nigerian Education Loan Fund says it has disbursed a total of N2,946,927,155 of the student loan to 27,667 students from 19 institutions nationwide.
This was disclosed on Friday via the Fund’s X handle, tweeting as #NELFUND.
On August 14, 2024, it said students from 22 state-owned tertiary institutions had been cleared to apply for student loans after a review by the committee for the Student Verification System, which brought the total number of approved state institutions to 108.
See the full list of approved institutions and the approved amount paid:
University of Maiduguri — N589,001,500
University of Ibadan –N201,114,650
University of Ilorin — N52,897,890
University of Benin — N24,412,500
Federal University, Dutsin-Ma — N304,961,800
Bayero University, Kano — N853,775,000
Federal College of Education, Abeokuta — N1,945,700
Federal University of Technology, Minna — N62,928,600
Obafemi Awolowo University, Ile Ife — N50,414,000
Federal Polytechnic, Ilaro — N8,347,465
University of Lagos — N122,494,400
University of Jos — N209,320,000
Federal College of Education (Technical), Gusau –N15,600,200
Federal College of Education (Special), Oyo — N18,502,500
Federal University, Dutse — N207,106,000
Federal University, Birnin-Kebbi — N130,002,800
Modibbo Adama University, Adamawa — N83,837,850
Federal Polytechnic, Bauchi — N7,218,800
Federal Polytechnic, Mubi — N2,045,500
No response from S’East institutions yet on student loan, says NELFUND
The Nigerian Education Loan Fund has debunked any form of discrimination in the disbursement of student loans to students from institutions across the country.
NELFUND noted that it made payments only to institutions that were eligible after they had responded to a verification list sent earlier.
This is coming after an X user, Santiago Leo, tweeting as #Donaldsplendo, observed that none of the institutions from the country’s South- East region was listed as part of the 19 beneficiaries, as disclosed by NELFUND on Friday.
According to the Federal Government’s body which is saddled with the responsibility of handling all loan requests, grants, disbursement and recovery, a total of N2,946,927,155 of student loans was disbursed to 27,667 students from 19 institutions nationwide.
#Donaldsplendo tweeted, “Not surprised to see SE being neglected once again. No funds were allocated to students in UNIZIK, FUTO, MOUAU, and even the University of Nigeria (UNN). I’m pretty sure a lot of students in those schools applied for the loan just like every other Nigerian scholar One Nigeria una (sic).”
In response, the Fund, tweeting as #NELFUND, wrote, “Thank you for your concern. It is important to clarify that geopolitical zones are not a factor in the disbursement process.
“NELFUND sent a verification list to every institution eligible for disbursement. Payments are being made to institutions that have responded to this verification.
“Unfortunately, we have not yet received any response from the institutions in the South-East. We urge these institutions to complete the verification process so that their students can benefit from the scheme.”
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