AE-FUNAI Receives First Batch of NELFUND Student Loan Disbursement

Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State, has received ₦193,377,100.00 in the first batch of disbursements under the NELFUND Student Loan Programme, benefiting 1,068 students. The funds, received on September 18, 2024, aim to provide financial assistance to students, easing the financial burdens of higher education.

AE-FUNAI Receives First Batch of NELFUND Student Loan Disbursement
Alex Ekwueme Federal University, Ndufu-Alike, Ikwo

The Vice Chancellor of Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State, Prof. Sunday O. Elom, has announced the receipt of ₦193,377,100.00 in the first batch of disbursements under the NELFUND Student Loan Programme. This funding, which supports a total of 1,068 students, was officially received on September 18, 2024.

The NELFUND Student Loan Programme aims to provide financial assistance to students in need, facilitating access to education and reducing the financial burdens often associated with higher learning. Prof. Elom expressed appreciation for the timely disbursement, which is expected to significantly benefit the students and enhance their educational experience.

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The university administration plans to distribute the funds to eligible students promptly, ensuring that those who qualify receive the necessary financial support to continue their studies without interruption. This initiative is part of broader efforts to improve educational access and quality in Nigeria, particularly for students facing economic challenges.