NELFUND disburses N69.2m to FCE Yola for 936 students

The Nigerian Education Loan Fund has disbursed a total of N69,210,600 to the Federal College of Education Yola to cover institutional fees for 936 students.

The fund disclosed this in an update shared on its official handle, noting that the payment was made in batches to ensure timely support for beneficiaries.

According to details provided, the disbursement was carried out in October 2025 in three tranches, with the final total amounting to N69,210,600.

The management of the college confirmed receipt of the funds in a letter addressed to NELFUND.

“I write to acknowledge receipt of the sum of N69,210,600 (Sixty-Nine Million, Two Hundred and Ten Thousand, Six Hundred Naira, only), disbursed by the Nigerian

Education Loan Fund NELFUND as institutional fees for the benefit of nine hundred and thirty-six 936 students of the College,” the provost, Mohammed Usman Degereji stated.

He added that the funds were received in batches and have been applied toward students fees.

The institution also commended the initiative, describing it as support for students pursuing their academic goals.

“We appreciate the commitment of NELFUND towards expanding access to higher education and supporting students in achieving their academic aspirations,” the letter added.

NELFUND said the disbursement forms part of ongoing efforts to improve access to education and reduce financial pressure on students across participating institutions.