The Nigerian Education Loan Fund (NELFUND) has provided a financial boost to students of the Federal University Oye-Ekiti (FUOYE) by disbursing a total of ₦140 million in loans to 1,507 beneficiaries.
FUOYE’s Vice-Chancellor, Professor Abayomi Fasina, confirmed the development in a letter of appreciation to NELFUND dated January 29, 2025. He highlighted the transformative impact of the initiative, emphasizing how it empowers students and enhances access to quality education.
“I am writing on behalf of the Federal University Oye-Ekiti (FUOYE) to formally confirm and commend the recent disbursement of funds by NELFUND, amounting to a total of ₦140,254,500,” Fasina stated. “This substantial support was extended to 1,507 beneficiaries in our esteemed institution. I would like to express our deepest gratitude to President Bola Tinubu for this commendable initiative. The impact of this financial support on the lives of our students cannot be underestimated.”
He further praised the Federal Government for recognizing the vital role of education in shaping Nigeria’s future and commended NELFUND for its efficient and transparent handling of the disbursement process.
Fasina expressed his appreciation for the professionalism and dedication displayed by the NELFUND team, acknowledging their efforts in ensuring students receive the support they need without unnecessary delays.
“On behalf of the entire FUOYE community, I extend our heartfelt thanks to you and your team for your unwavering support,” he added. “I look forward to continuing our partnership with NELFUND and achieving greater heights together in the pursuit of educational excellence and student empowerment.”
This disbursement marks a significant milestone in the government’s commitment to making higher education more accessible and reducing financial barriers for students across Nigeria.
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