The Nigeria Education Loan Fund (NELFUND) has disbursed N218.2 million to 3,575 students of the Federal College of Agriculture, Moor Plantation, Ibadan, Oyo State, and the Federal University of Education, Zaria, Kaduna State, to cover institutional fees for various academic sessions.

The disbursements, acknowledged in separate letters by the management of the two institutions, highlight the reach of the Federal Government’s student loan initiative in supporting access to tertiary education and easing the financial burden on students and their families.

The Provost of the Ibadan institution, Prof. Jonathan Jeremiah Atungwu, disclosed in a letter dated September 28, 2026, that NELFUND released N54.21 million to 360 students in four tranches between August 2025 and April 2026.

The funds covered the 2024/2025 and 2025/2026 academic sessions, with the final tranche benefiting 142 students.

A breakdown showed that N19.524 million was disbursed to 91 students on August 13, 2025, while 54 students received N11.197 million on October 22, 2025.

For the 2025/2026 academic session, N7.768 million was released to 73 students on March 25, 2026, while another N15.721 million went to 142 students on April 8, 2026. The four tranches brought the total disbursement to N54.21 million.

Professor Atungwu commended President Bola Tinubu and NELFUND for their continued support and cooperation with the college, which specialises in agricultural education and the training of middle-level manpower for Nigeria’s agricultural sector.

“I also want to use this opportunity to commend the President and the Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu (GCFR), and your organisation for the continued support and cooperation,” he wrote.

Similarly, the Federal University of Education, Zaria, confirmed receiving N163.99 million 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, Professor Yahaya Isa Bunkure, acknowledged receipt of the funds, which the institution said were paid into its Treasury Single Account.

The university received N4.824 million for 106 students on December 19, 2025, and N7.119 million for 148 students on December 30, 2025.

On January 30, 2026, N17.203 million was released for 318 students, while another N13.661 million went to 214 students.

Further disbursements included N20.877 million for 393 students on February 5, N11.273 million for 230 students on February 16, N49.127 million for 980 students on February 20, and N39.907 million for 766 students on February 27.

Bunkure said beneficiaries were issued receipts to ensure accountability, transparency and proper documentation.

He commended NELFUND for easing the financial burden on students, parents and the institution amid prevailing economic challenges, adding that the initiative could help reduce social unrest and other vices associated with youth idleness.