We’ve disbursed over N32bn loans to students, not N104bn — NELFUND
Education Loan Fund Disburses Over N32 Billion to Tertiary Institution Students, Not N104 Billion as Reported
The Nigerian Education Loan Fund (NELFUND) has issued a statement to correct the inaccurate reports circulating in the media regarding the amount of loans disbursed to students. According to NELFUND, the actual amount disbursed to students across various tertiary institutions in the country stands at over N32 billion, contrary to the N104 billion figure previously reported.
In a bid to provide transparency and clarity on its loan disbursement figures, NELFUND has come forward to set the record straight. The Fund emphasized that it takes its responsibility to provide financial assistance to students seriously and is committed to ensuring that accurate information is disseminated to the public.
"We understand the importance of accurate reporting, and it is our duty to correct the misinformation that has been circulating," said the Managing Director of NELFUND. "We are proud to have disbursed over N32 billion in loans to students, and we will continue to work tirelessly to provide financial assistance to those who need it."
NELFUND was established to provide financial assistance to students in tertiary institutions across Nigeria. The Fund aims to promote access to education and support the development of the country's human capital. Since its inception, NELFUND has disbursed millions of naira in loans to students, helping to bridge the financial gap and support academic pursuits.
The clarification by NELFUND comes as a welcome relief to stakeholders in the education sector, who had expressed concern over the accuracy of the previously reported figure. With this correction, NELFUND has demonstrated its commitment to transparency and accountability, reassuring the public of its dedication to providing financial assistance to students.
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