- By Halimah Olamide
The Federal Government on Monday said a total of 20,37i students who are qualfied for the Nigerian Education Loans Fund have been credited with a sum of N20,000 each.
NELFUN said applicants whose payments were effected on Monday were those from the Bayero University Kano, Federal University, Dutsin-Ma, University of Ilorin, University of Benin, University of Ibadan and the of Maiduguri.
According to NELFUND, it is working to commence the payment process for students from approximately 55 additional tertiary institutions.
“It is anticipated that this will be concluded within the next two weeks as the fund is committed to ensuring that all eligible students receive their stipends promptly,” the fund stated
According to the statement signed by Mr Ibom Uche Director Finance and Accounts NELFUND, he said the fund “remains steadfast in its mission to support the educational aspirations of Nigerian students by providing financial assistance for studies at qualifying institutions and ensuring the timely disbursement of stipends for day to day expenses.”
He added, that it is noteworthy that the President only Sunday committed a further 50 billion Naira from recovered proceeds of crime.
“ NELFUND appreciates the patience and cooperation of students and institutions as the organisation works assiduously to fulfill its previous made commitments to Nigerian students,” the statement concluded