By Uzair Adam
The Nigerian Education Loan Fund (NELFUND) has disbursed loans worth over N20.07 billion to 192,906 students across public tertiary institutions in Nigeria, according to an announcement on the organization’s X (formerly Twitter) account.
The latest disbursement, which reflects approvals made as of January 1, 2025, places Bayero University, Kano (BUK) at the top of the list, with 11,683 students set to receive a total of N1.3 billion.
The University of Maiduguri follows closely, where 12,198 students will share N1.27 billion. Other major beneficiaries include the University of Jos, with 6,988 students receiving N941 million, and the Federal University Dutsin-Ma, where 8,978 students are allocated N909 million.
At the University of Ibadan, 4,907 students will benefit from N746 million, while 5,451 students at the Federal University Dutse will receive N593 million.
Additionally, Usmanu Danfodiyo University, Sokoto, has 6,480 students who will share N578 million, and the University of Lagos will disburse N557 million to 3,685 students.
Smaller institutions also benefited, though to a lesser extent. For example, four students at Gombe State Polytechnic, Bajoga, are set to receive N122,000, and two students at Abia State Polytechnic will share N106,300.
Similarly, Nwafor Orizu College of Education, Nsugbe, has approved N214,116 for three students, while Kenule Benson Saro-Wiwa Polytechnic, Bori, will disburse N315,500 to seven students.
Other beneficiaries include Federal College of Education, Gidan Madi, where three students will receive N330,000, and Federal Polytechnic Ukana, Akwa Ibom, with 11 students sharing N518,500.
Federal Polytechnic Nekede, Imo State, has nine students allocated N368,400, while Alvan Ikoku Federal University of Education, Owerri, will distribute N528,500 among 12 students.
This disbursement is part of a broader initiative by NELFUND, which had earlier announced the allocation of N110 billion in student loans nationwide.
According to NELFUND’s Managing Director, Akintunde Sawyerr, these efforts are aimed at improving access to education for students in public institutions across the country.