BOUESTI receives the largest allocation as the Federal Government expands financial support for students under the 2025/2026 academic session.
The Nigerian Education Loan Fund (NELFUND) has disbursed a total of N1.5 billion in student loans to 6,129 beneficiaries across three tertiary institutions for the 2025/2026 academic session.
In an update shared on its verified X account on Thursday, NELFUND said the beneficiaries are Bamidele Olumilua University of Education, Science and Technology (BOUESTI), Ekiti State; Sikiru Adetona College of Education, Science and Technology, Ogun State; and the Edo State College of Nursing Sciences, Benin City.
According to the Fund, BOUESTI received the highest allocation of N1,360,920,800, benefiting 5,396 students across five tranches. Sikiru Adetona College received N104,530,000 for 680 students, while the Edo State College of Nursing Sciences received N36,485,000 for 53 students.
Registrar of Sikiru Adetona College, Dr. Bukola Makinde, confirmed that the funds had been credited directly into the beneficiaries’ bank accounts, describing the intervention as a boost to students’ academic progress.
Similarly, the Provost of the Edo State College of Nursing Sciences, Mabel Omobude, pledged transparency and accountability in administering the loan scheme, assuring that the funds would be used strictly for educational purposes.
Also confirming receipt of the funds, BOUESTI Vice-Chancellor, Prof. Andrew Babatunde Omojola, commended the Federal Government and NELFUND for the prompt disbursement, saying the intervention would ease the financial burden on thousands of students and support uninterrupted learning.