6 Institutions Receive ₦2bn Students’ Loan (Full List)

The Nigerian Education Loan Fund (NELFUND) has given a breakdown of how it disbursed the sum of N2,026,163,340 as institutional fees to six tertiary institutions in the country.

In a post on its official X handle on Saturday, the Fund confirmed The Guardian story which listed the names of the six institutions of higher learning that got the fund.

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.

The Guardian observed that while Bayero University Kano received the lion’s share of N853,775,000, the University of Benin got the least amount of N24,412,500.

Managing Director of the Fund, Akintunde Sawyerr had earlier 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:

1. Bayero University Kano N853,775,000

2. University of Maiduguri N589,001,500

3. Federal University Dutsinma, Katsina State N304,961,800

4. University of Ibadan N201,114,650

5. University of Ilorin N52,897,890

6. University of Benin N24,412,500