The Nigerian Educational Loan Fund (NELF) has begun the disbursement of the sum of N850million to institutions as fees from today (Wednesday).
The Managing Director of the Fund, Akintunde Sawyer, made this known during an ongoing press briefing in Abuja.
This is different from the over N1.7Bn that has been disbursed to about 20,000 students.
“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.
