The Federal Government has disbursed N2.5bn institution fees to twelve schools.
EKO HOT BLOG reports that the Spokesman of the Fund, Nasir Ayitogo, made the disclosure in a statement on Friday in Abuja, saying that 22,120 students benefited from the exercise.
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The Spokesman of the Fund, Nasir Ayitogo, made the disclosure in a statement on Friday in Abuja, saying that 22,120 students benefited from the exercise.
Ayitogo said the gesture is in alignment with President Bola Tinubu’s commitment towards enhancing educational opportunities for Nigerians.
According to him, the strategic effort aimed to ensure that students who really need the funds could continue their education by lowering burden of financial constraints, stating that the disbursements were made based on each institution’s academic calendar – beginning of session.
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“The total amount disbursed to these institutions stands at approximately N2,026,163,340. A further six will receive their payments in the coming week.
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“These disbursements will ensure that Nigerian students can proceed with their academic activities unimpeded, fostering peace of mind much needed for these students and their families,” he said.
Ayitogo said NELFUND had also commenced the payment of upkeep to students in addition to the institution fees.
He further stated that the initiative would provide essential financial support for living expenses as N442 million has been allocated for the month of July.
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