The Nigerian Educational Loan Fund (NELFUND) has said it would disburse the sum of ₦850m to tertiary institution students on Wednesday.
This was disclosed on Wednesday during a news conference in Abuja by the Fund’s managing director, Akintunde Sawyer.
According to Akintunde, this is in addition to the more than ₦1.7 billion that has been given to roughly 20,000 pupils.
“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.
