Moshood Abiola Polytechnic, 39 Other Institutions Receive NELFUND Disbursements
Moshood Abiola Polytechnic Abeokuta, Ogun State has joined the league of tertiary institutions whose students have benefited from the student loan scheme of the Federal Government.
By: Abdulwasiu Akintunde
The Nigeria Education Loan Fund (NELFUND) has announced a major milestone, successfully extending its student loan disbursement program to 40 additional institutions across the country which the newly included beneficiaries is Moshood Abiola Polytechnic, alongside 39 other institutions, bringing the total number of institutions supported by NELFUND to 59.
OPEN TELEVISION NAIJA (OTN) News reports that this announcement was made public through NELFUND’s official Twitter account on over the weekend, as details of the newly disbursed loans to the 40 institutions were shared.
The expansion underscores NELFUND's ongoing commitment to broadening access to quality education for Nigerian students, regardless of their financial status.
The newly covered Institutions span a variety of Universities and Polytechnics across the country, representing a diverse geographical spread.
NELFUND has ensured that students from these Institutions now have access to critical financial support, enabling them to pursue higher education without the burden of financial strain.
Here are some notable among 40 Institutions that received disbursements:
Moshood Abiola Polytechnic, Ogun State. – N3,485,000
Federal Polytechnic Nekede, Imo State. – N368,400
Federal University of Health Science, Ila Orangun, Osun State. – N7,448,000
Olabisi Onabanjo University, Ogun State. – N7,265,000
University of Ibadan, Oyo State. – N9,797,450
Osun State University, Osun State. – N218,954,500
Federal University of Agriculture Abeokuta, Ogun State. – N133,995,450
Abubakar Tafawa Balewa University, Bauchi State. – N256,912,600
Alex Ekwueme Federal University, Anambra State. – N193,377,100
OTN News recalls that the impact of this loan distribution will be felt by thousands of students across Nigeria, particularly those from economically disadvantaged backgrounds.
With NELFUND’s support, these students will now be able to focus on their education and contribute to the development of the country in the long term.
NELFUND’s expansion to 40 additional institutions represents a significant step toward addressing the financial barriers that often prevent students from pursuing higher education.
By partnering with both Federal and State Institutions, NELFUND continues to make strides in ensuring that every Nigerian student has access to the resources they need to achieve their academic dreams.
As the program continues to grow, NELFUND remains committed to fostering educational opportunities for all, helping students overcome financial obstacles and pursue academic excellence.
Please below the full list of beneficiary institutions as released by NELFUND:
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