In a major financial lifeline for higher education, Ekiti State University (EKSU) has officially confirmed the receipt of a staggering N3,156,459,500 from the Nigerian Education Loan Fund (NELFUND).

 

 

The massive intervention has successfully cleared the institutional fees of 10,457 students, effectively keeping thousands of dreams alive for the 2025/2026 academic session.

 

 

In an official acknowledgement letter dated July 13, 2026, addressed to the Managing Director/CEO of NELFUND, Akintunde Sawyerr, the Vice-Chancellor of EKSU, Prof. Joseph Ayodele, detailed a series of seven disbursement batches received by the institution between February and March 2026.

 

 

According to the letter, the financial rescue mission began on February 9, 2026, with an initial disbursement of N309,315,625 for 1,093 student beneficiaries, followed by subsequent payments of N93,949,750 for 270 students on February 16, N340,625,000 for 1,070 students on February 18, and N676,595,875 for 2,307 students on February 24.

 

 

The momentum carried heavily into March, with the largest single payout of N897,140,250 received on March 10 for 3,048 students, followed by N535,011,125 for 1,713 students on March 23, and a final batch of N303,822,375 for 956 students on March 30.

 

 

Expressing profound gratitude on behalf of the institution, Prof. Ayodele commended the timely support, noting that the impactful intervention has directly facilitated the payment of tuition fees and kept thousands of students in their classrooms.

 

 

 

With the successful completion of the institutional disbursement process for the session, the Vice-Chancellor stated that the university looks forward to continued collaboration with the Fund in subsequent academic sessions to further expand access to higher education through sustainable student financing.