The Nigerian Education Loan Fund (NELFUND) has confirmed the disbursements of over N785 million to tertiary institutions in Ogun State, for the 2024/2025 academic session.
According to the Fund, the milestone was recorded in the State following its recent sensitisation programme held at the Crownbirth Event Centre, Ijebu-Ife.
Director, Strategic Communications, NELFUND, Mrs. Oseyemi Oluwatuyi, in a statement on Friday in Abuja said the engagement, facilitated by Otunba Femi Adewumi and hosted by Dr. Oluwadare Kehinde (Hacco), Executive Chairman of Ijebu East Local Government, has led to a significant increase in awareness and uptake of the NELFUND student loan scheme across the region.
The sensitisation exercise, which brought together parents, guardians, students, community leaders, and educational stakeholders, provided in-depth guidance on how to apply for and access the NELFUND student loan, a Federal Government initiative designed to remove financial barriers to higher education.
Otunba Femi Adewumi highlighted the importance of the initiative, saying, “Our goal was simple to ensure that no student in our communities is left behind because of financial barriers. I am proud of the impact this sensitisation has achieved, and I commend NELFUND for delivering real opportunities to our young people.”
NELFUND has confirmed the following disbursements for the 2024/2025 academic session, with the institutions below acknowledging receipt of funds:
Sikiru Adetona College of Education, Science & Technology, Omu-Ajose for Batch 1: 264 students — ₦33,575,000 and Batch 2: 59 students — ₦6,997,500 bringing it to the sum of ₦40,572,500.
For Olabisi Onabanjo University (OOU), disbursement to 3,473 students was ₦718,585,000; Abraham Adesanya Polytechnic for Batch 1: 87 students — ₦12,164,500 and Batch 2: 18 students — ₦14,779,500.
Speaking on the impact of the sensitization programme, NELFUND’s Managing Director/CE, Mr. Akintunde Sawyerr, applauded the collaborative effort saying,
“Our mission is to democratize access to higher education for every Nigerian student, regardless of financial background. The support from community leaders such as Otunba Femi Adewumi and Dr. Oluwadare Kehinde shows what is possible when government institutions and local stakeholders work together.”
He added that NELFUND remains committed to expanding such engagements across all six geopolitical zones to ensure broad awareness and seamless access to the loan scheme.
NELFUND acknowledged and appreciated the contributions of Otunba Femi Adewumi, whose facilitation of the Ijebu-Ife sensitization programme played a critical role in the successful uptake recorded in Ogun State.
The Fund reiterates its dedication to ensuring that every eligible student in Nigeria is informed, supported, and empowered to access the NELFUND student loan. More sensitisation exercises and institutional visits are scheduled across the country as part of ongoing nationwide outreach.
