NELFUND has recently expanded its student loan program by adding 40 new institutions, bringing the total number to 59. This expansion highlights NELFUND’s dedication to improving access to quality education for Nigerian students, regardless of their financial situation.
The announcement was made on NELFUND’s official X account on September 6, 2024. The organization expressed its satisfaction with this progress, stating, “NELFUND is thrilled to announce that we have successfully disbursed student loans to 40 more institutions, making a total of 59 institutions now part of the program. This expansion represents a significant milestone in our ongoing commitment to providing educational opportunities for all Nigerian students.”
The newly added institutions cover a broad range of locations and academic programs. Some of the institutions receiving loans include:
- Federal Polytechnic Nekede, Imo State – ₦368,400.00
- Michael Okpara University of Agriculture, Umudike, Imo State – ₦71,016,220.00
- Delta State University, Abraka, Delta State – ₦45,973,600.00
- Ebonyi State University, Ebonyi State – ₦78,313,000.00
- Alex Ekwueme Federal University, Ndufu, Anambra State – ₦193,377,100.00
Other notable institutions include:
- Federal University of Health Science Ila Orangun, Osun State – ₦7,448,000.00
- Federal University Wukari, Taraba State – ₦97,398,000.00
- Olabisi Onabanjo University, Ogun State – ₦7,265,000.00
- University of Ibadan, Oyo State – ₦9,797,450.00
- Osun State University, Osun State – ₦218,954,500.00
- Usmanu Danfodio University, Sokoto State – ₦226,931,440.00
- Zamfara State University, Zamfara State – ₦2,340,800.00
The loan amounts vary widely across institutions, reflecting their specific needs and student populations. For example, Federal University of Agriculture Abeokuta, Ogun State received ₦133,995,450.00, while Yaba College of Technology, Lagos State received ₦733,000.00.
According to recent data from NELFUND, the student loan registration process shows high demand, with Kano State leading in applications. Kano had 17,122 applicants out of 20,814 registered students.
This expansion of NELFUND’s student loan program is a significant step towards enhancing educational access and supporting students across Nigeria.
