The Nigerian Education Loan Fund (NELFUND) has disbursed a total of N69,210,600 to the Federal College of Education, Yola, to cover institutional fees for 936 students.
The fund disclosed that the payment was made in batches to ensure timely support for beneficiaries, with the disbursement carried out in October 2025 across three tranches, totaling N69,210,600.
The college management confirmed receipt of the funds in a letter addressed to NELFUND. Provost Mohammed Usman Degereji wrote:
“I write to acknowledge receipt of the sum of N69,210,600 (Sixty-Nine Million, Two Hundred and Ten Thousand, Six Hundred Naira, only), disbursed by the Nigerian Education Loan Fund as institutional fees for the benefit of nine hundred and thirty-six (936) students of the College.”
He added that the funds were received in batches and have been applied toward students’ fees.
The institution also commended the initiative, describing it as an important support for students pursuing their academic goals.
“We appreciate the commitment of NELFUND towards expanding access to higher education and supporting students in achieving their academic aspirations,” the letter noted.
NELFUND stated that the disbursement forms part of ongoing efforts to improve access to education and reduce financial pressure on students across participating institutions.