The Federal University of Environment and Technology (FUET), Rivers State, and the Nigerian Institute of Leather and Science Technology (NILEST), Zaria, Kaduna State, have confirmed receiving a combined N91.97 million from the Nigerian Education Loan Fund (NELFUND) to settle the institutional charges of students benefiting from the Federal Government’s student loan scheme.
The disbursement covers tuition and registration fees for 536 students enrolled for the 2025/2026 academic session.
FUET received N85.12 million to offset the institutional fees of 395 students, while NILEST received N6.85 million to cover the registration fees of 141 students.
In a letter dated May 22, 2026, the Vice Chancellor of FUET, Prof. Prince Ch. Mmom, confirmed that the university received the funds in three tranches.
According to the letter, the first tranche covered 118 students with a disbursement of N25.92 million. The second tranche provided N30.40 million for 142 beneficiaries, while the third tranche amounted to N28.80 million for 135 students. Altogether, the university received N85.12 million under the programme.
Similarly, NILEST, in a letter dated June 1, 2026, acknowledged receipt of the fifth, sixth and seventh tranches of NELFUND’s student loan disbursement.
The letter, signed by the institute’s Director-General and Chief Executive Officer, Dr. Auwal Imam, and addressed to NELFUND Managing Director, Akintunde Sawyerr, stated that 79 students benefited from N3.63 million under the fifth tranche. Another 61 students received N3.17 million in the sixth tranche, while one student received N49,950 under the seventh tranche.
Both institutions commended NELFUND for its continued commitment to expanding access to higher education through the student loan initiative.
They said the intervention has eased the financial burden on students, improved access to tertiary education and enabled beneficiaries to continue their academic programmes without disruption.
The institutions also expressed appreciation to the Fund for its continued partnership in supporting the Federal Government’s efforts to strengthen education financing and expand educational opportunities for students across the country.
