NELFUND disburses ₦140m loan to 1,507 FUOYE students

The Nigerian Education Loan Fund (NELFUND) has disbursed the sum of ₦140 million as loan to 1,507 students of the Federal University Oye-Ekiti (FUOYE).

The Vice-Chancellor of FUOYE, Professor Abayomi Fasina, confirmed this in a letter of appreciation to NELFUND dated January 29, 2025.

Fasina in the letter acknowledged the initiative’s profound impact on education and student empowerment.

“I am writing on behalf of the Federal University Oye-Ekiti (FUOYE) to formally confirm and commend the recent disbursement of funds by Nelfund, amounting to a total of 140,254,500,” the VC wrote.

“This substantial support was extended to 1,507 beneficiaries in our esteemed Institution. I would like to express our deepest gratitude to President Bola Tinubu for this commendable initiative.

“The impact of this financial support on the lives of our students cannot be underestimated.”

Fasina said by providing these funds, the Federal Government has demonstrated a profound understanding of the importance of education and its role in shaping the future of Nigeria.

Furthermore, the VC said he appreciates the efficient and transparent process through which these funds were disbursed.

He stated that the professionalism and dedication exhibited by NELFUND throughout the process are truly commendable and reflect the high standards of the esteemed organization.

“On behalf of the entire FUOYE community, I extend our heartfelt thanks to you and your team for your unwavering support,” Fashina added.

“I look forward to continuing our partnership with NELFUND and achieving greater heights together in the pursuit of educational excellence and student empowerment.”