More than 20,000 students across various universities have received their long-awaited loan payments.
This financial relief comes as a part of the ongoing efforts by NELFUND to support students in managing their educational expenses effectively.
The universities where students have received their payments include: University of Ilorin, University of Maiduguri, University of Ibadan, Bayero University, Kano, University of Benin, and Federal University, Dutsin-Ma.
The disbursement of funds marks a pivotal moment for these students, many of whom have been awaiting financial assistance to cover tuition fees, accommodation, and other academic-related expenses.
According to NELFUND, the financial institution overseeing the distribution of the student loans, more universities are slated to receive their payments in the coming weeks.
This phased rollout aims to ensure that all eligible students across the nation benefit from the scheme.
NELFUND has confirmed that students will receive their monthly stipends directly into the personal accounts they had attached to their loan applications. This approach is designed to streamline the process and provide students with quick access to their funds, thereby minimizing any potential delays.
The timely disbursement of these loans is expected to alleviate financial stress for thousands of students, enabling them to focus more on their studies rather than financial constraints.
