Nigerian Education Loan Fund (NELFUND) has disbursed N11 billion to 90,000 students as fees and stipends within six months.

Speaking during an oversight visit by the Senate Committee on Tertiary Institutions and TETFUND, the Fund’s Managing Director, Dr. Akintunde Sawyerr, said from the N96 billion earmarked for students’ loans, about N11 billion had been paid to the 90,000 students across the country.

Sawyerr explained that three hundred students have been deemed to qualify for the loans, which is in two categories: the Institutional Loan and the Upkeep Loan.

He added that 12 per cent of students from the Northcentral had benefited from the facility.

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