Nelfund Disburses ₦182.6 Million to 1,926 UNICAL Students

By Benjamin GBOR
 
The Nigeria Education Loan Fund (Nelfund), in a  move to support higher education, has announced the successful disbursement of ₦182,668,000 to 1,926 students at the University of Calabar. This step, achieved on December 3, 2024, demonstrates Nelfund’s commitment to fostering academic excellence and empowering the next generation of leaders.

According to a confirmation letter signed by the Vice-Chancellor of the University, Prof. Florence Banku Obi, the institution acknowledged receipt of the funds and expressed gratitude for the financial support. 

However, the Vice-Chancellor has requested a breakdown of beneficiaries and the specific amounts credited to each student to streamline the university's records.

“This funding will play a pivotal role in alleviating the financial burden faced by our students and will enable them to focus on their academic pursuits,” stated Prof. Obi.   

The Managing Director/CEO of Nelfund remarked that the initiative reflects the organization's mission to bridge the financial gap in education and contribute to national development.

The University of Calabar administration has commended Nelfund for its dedication and looks forward to further collaboration to enhance the educational experience for students.