The University of Benin (UNIBEN) has confirmed receipt of the first batch of institutional fees payments from the Nigerian Education Loans Fund (NELFUND).
This initial disbursement, amounting to Twenty-Four Million, Four Hundred and Twelve Thousand, Five Hundred Naira (N24,412,500), covers the school charges and upkeep for 332 students.
In an official communication, the Managing Director of NELFUND in Abuja acknowledged the receipt of the funds allocated for the students enrolled under the Nigerian Education Loans Fund Scheme.
This scheme has been instrumental in providing much-needed financial assistance to students, enabling them to focus on their academic pursuits without the burden of financial constraints.
Professor Lilian I. Salami, the Vice-Chancellor of UNIBEN, expressed profound gratitude for the timely intervention and support extended by NELFUND.
She noted that this financial boost is a testament to the Federal Government’s unwavering commitment to elevating the standards of student welfare and the overall tertiary education system in Nigeria.
The Vice-Chancellor assured that the University Management is dedicated to ensuring the academic success of these beneficiaries.
She commended the Federal Government’s initiative and applauded NELFUND’s strategic role in facilitating access to higher education for Nigerian students.
“This gesture not only alleviates the financial burden on our students but also reinforces our collective goal of fostering academic excellence. We are committed to supporting our students in achieving their educational aspirations,” Salami stated.