The Nigeria Education Loan Fund (NELFUND) has disbursed N218.2m to cover institutional fees for 3,575 students at two tertiary institutions in Oyo and Kaduna states.
The beneficiaries are students of the Federal College of Agriculture, Moor Plantation, Ibadan, and the Federal University of Education, Zaria.
Separate letters from the institutions’ managements confirmed that the funds were released under the Federal Government’s student loan scheme to ease the financial burden of tertiary education on students and their families.
The Provost of the Ibadan college, Prof Jonathan Jeremiah Atungwu, said NELFUND disbursed N54.21m to 360 students in four tranches between August 2025 and April 2026.
The funds covered the 2024/2025 and 2025/2026 academic sessions. The final tranche of N15.721m, released on April 8, 2026, benefited 142 students.
Other payments included N19.524m for 91 students in August 2025, N11.197m for 54 students in October 2025 and N7.768m for 73 students in March 2026.
Atungwu commended President Bola Tinubu and NELFUND for supporting the institution, which specialises in agricultural education and training middle-level manpower for the sector.
Similarly, the Federal University of Education, Zaria, confirmed receiving N163.99m in eight tranches between December 2025 and February 2026 to cover students’ registration fees for the 2025/2026 academic session.
In a letter dated September 3, 2026, the Vice-Chancellor, Prof Yahaya Isa Bunkure, said the funds were paid into the university’s Treasury Single Account.
The largest tranche was N49.127m, released on February 20, 2026, for 980 students. Another N39.907m was paid on February 27 for 766 students.
Other disbursements ranged from N4.824m for 106 students in December 2025 to N20.877m for 393 students in February 2026.
Bunkure said receipts were issued to beneficiaries to ensure accountability, transparency and proper documentation.
He commended NELFUND for helping to reduce the financial pressure on students, parents and the institution amid prevailing economic challenges.
The vice-chancellor added that the initiative could also help reduce social unrest and other problems associated with youth idleness.
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