The Nigerian Education Loan Fund recently provided over N72 million in student loans to support students at three Nigerian tertiary institutions. This significant financial support aims to help students and their families manage school fees, making higher education more accessible.
The benefiting institutions include the Federal College of Education in Obudu, Abdulkadir Kure University in Minna, and Adamawa State University in Mubi. Altogether, 1,607 students have directly benefited from these financial aids.
According to an official statement on Tuesday, this initiative reflects the strong commitment of the Nigerian government to ensure that financial constraints do not stop qualified students from pursuing their education. This move directly aligns with President Bola Ahmed Tinubu’s dedication to enhancing education accessibility nationwide.
Detailed Breakdown of Funds
The Federal College of Education, Obudu, was allocated a total of N21,789,500, distributed in two separate installments. The first installment, amounting to N14,320,500, was released in October 2024 and supported 215 students. The second payment, N7,469,000, was made on March 5, 2025, benefiting an additional 107 students.
Abdulkadir Kure University, Minna, received a payment of N2,900,000, covering tuition fees for nine students. Registrar Dr. Garba Abdullahi formally acknowledged the receipt of the funds, emphasizing its importance in easing students’ financial burdens.
The highest amount, N47,621,121, was given to Adamawa State University, Mubi, positively impacting 1,283 students. The Acting Vice-Chancellor, Dr. Ibrahim Bwatanglang, expressed gratitude for the support and anticipated continued cooperation for future funding initiatives.
Appreciation from Educational Institutions
The Federal College of Education, Obudu, praised the initiative for its transparency and effectiveness. In a formal acknowledgment signed by Provost Dr. Richard Utubaku and Bursar Joseph Ogar, the institution highlighted that this support clearly demonstrates President Tinubu’s ongoing efforts to improve the nation’s education system.
Abdulkadir Kure University also conveyed sincere appreciation, noting that the financial assistance provided meaningful relief to the students facing economic challenges.
Adamawa State University committed to ensuring responsible and transparent use of the allocated funds. Additionally, the university requested an official list of students eligible for the next disbursement to maintain clear and accurate records.
Commitment to Future Support
The Nigerian Education Loan Fund reaffirmed its core mission of ensuring educational access for all qualified Nigerian students. The fund emphasized its ongoing efforts to reach more students in need and stated, “We will continue providing essential financial assistance to Nigerian students in higher education, with additional funding rounds planned in the near future.”
Through these impactful actions, the Nigerian Education Loan Fund is significantly contributing to strengthening Nigeria’s educational sector, empowering young Nigerians by removing financial obstacles to quality education.