University of Benin Receives N24.4 Million for 332 Students Under NELFUND Scheme

The University of Benin has confirmed the receipt of N24.4 million designated for 332 students under the Nigerian Education Loans Fund (NELFUND) scheme.

This was detailed in a letter signed by the university's Vice-Chancellor, Prof. Lilian Salami, and addressed to NELFUND's Managing Director, Akintunde Sawyerr.

In the letter dated August 11, 2024, Prof. Salami expressed gratitude for the financial support, stating, “I write to acknowledge with thanks the receipt of the sum of Twenty-Four Million, Four Hundred and Twelve Thousand, Five Hundred Naira (N24,412,500), being the payment of school charges and upkeep for Three Hundred and Thirty Two (332) Students of the University of Benin who have applied for loans under the Nigerian Education Loans Fund Scheme.”

Salami conveyed the university’s appreciation for NELFUND’s consideration of the students’ applications and assured a commitment to their academic success. “The University Management appreciates the Fund’s consideration of our students’ applications and assures you of our commitment to the academic success of these students. The University commends the laudable effort of the Federal Government to raise the standard of the students and the tertiary education system,” she wrote.

The student loan scheme is a flagship initiative of President Bola Tinubu, who, shortly after his inauguration, signed the Access to Higher Education Act. This act established a legal framework for providing loans to low-income Nigerians to assist with tertiary education fees.

The receipt of this funding underscores the ongoing efforts of the Federal Government to support education and improve access for students across the nation.