The Nigerian Educational Loan Fund on Tuesday said it would disburse the sum of N850M to institutions as fees Today (Wednesday).
This is apart from the over N1.7Bn that has been disbursed to about 20,000 students.
The Managing Director of the Fund, Akintunde Sawyer, made this known during an ongoing press briefing in Abuja.
“The sum of N850M will be leaving the account of NELFUND Today to institutions. This is apart from the N1.7Bn naira that has already been disbursed.”
Earlier, Sawyer revealed that the Fund had disbursed institutional fees to 20,000 students through their institutions.
He also noted that a total of 260,000 loans including institutional fees and upkeep have been approved.
No fewer than 1.2 million students are expected to benefit from this cardinal programme of President Bola Tinubu’s administration.
The President approved N35bn for the take-off of the scheme after signing the law backing the scheme on April 3.
Deborah, has three years of experience covering the education sector, trade unions, politics and international affairs, and is a journalist with The According
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from According.
Contact: [email protected]
Nigerians can now earn up-to 20% returns by investing in treasury bills, fixed income, commodities and real estate. Managing investments is best on this app. start now
Food prices are going up, but smart Nigerians are making millions from trading foods and commodities on this app. Start here
PROFITABLE FOREX, BITCOIN, AND BINARY TRADER
Do you require the services of a tested, trusted, and experienced trader who can help you trade your online Forex, Bitcoin, and Binary accounts for a minimum 10-20% weekly profit? and who can also help you pass your Prop Firm challenge. For details, visit www.standfx.org or contact via WhatsApp: +2348030797998
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
.){kind=link}