- Safiu Kehinde
The Federal Government has disbursed N72.3 million loan to 1,614 students across three tertiary institutions.
This was announced by the National Education Loan Fund (NELFUND) in a post on its official X handle on Tuesday.
According to NELFUND, the loan was shared between the Federal College of Education, Obudu; Abdulkadir Kure University, Minna; and Adamawa State University, Mubi.
The Federal of College of Education, Obudu, received a total of N21.8 million fund disbursed in two tranches with 322 students as beneficiaries.
On the hand, the Abdulkadir Kure University, Minna, received N2.9 million disbursed between nine beneficiaries.
The Adamawa State University had the largest share with N47. 6 million shared between 1,283 beneficiaries.
Recall that President Bola Tinubu had on the 3rd of April 2024 introduced the NELFUN initiative as part of his efforts in ensuring sustainable higher education and functional skill development for Nigerian students and young people.