…allocates N442,400,000 for July stipends
By Jimmy Jackson
The Nigerian Education Loan Fund (NELFUND), has paid N2,530,235,750 as tuition fees for 22,120 students and allocated N442,400,000 as financial support for the students’ upkeep for the month of July, 2024.
Head, Media and Public Relations, Nigerian Education Loan Fund (NELFUND), Nasir Ayitogo in a statement on Friday in Abuja, explained that although six out of 12 institutions have received full payments of their institutional fees for beneficiaries, the balance for the remaining six Institutions would be cleared in the coming week
The Nigerian Education Loan Fund (NELFUND) in a post on its official X handle on Saturday, August 3, 2024, gave a breakdown of how it disbursed the sum of N2,026,163,340 as institutional fees to six tertiary institutions in the country.
The institutions include: the University of Ibadan, Bayero University Kano, University of Ilorin, University of Benin, University of Maiduguri and Federal University Dutsinma, Katsina State.
Bayero University Kano received the highest share of N853,775,000 while University of Benin got the least amount of N24,412,500.
Managing Director of the Fund, Akintunde Sawyerr had revealed that the institutional fees would cover over 20,000 students.
The Funds gave the breakdown of the amount among the six institutions as follows:
- Bayero University Kano N853,775,000
- University of Maiduguri N589,001,500
- Federal University Dutsinma, Katsina State N304,961,800
- University of Ibadan N201,114,650
- University of Ilorin N52,897,890
- University of Benin N24, 412,500
