The Alex Ekwueme Federal College Ndufu-Alike, Ebonyi State, has confirmed the receipt of ₦193 million in institutional charges from the Nigerian Schooling Mortgage Fund (NELFUND) to cowl the charges of 1,068 college students.
Vice-Chancellor of the college, Prof. Sunday Elom, introduced the discharge of the primary tranche of funds in a letter addressed to NELFUND Managing Director, Akintunde Sawyerr.
With reference quantity AEFUNAI/OVC/03/103/VOL1, the correspondence was dated September 18, 2024.
Titled ‘Acknowledgment of Receipt of First Batch Disbursement of ₦193,377,100.00 Pupil Mortgage to AE-FUNAI,’ the correspondence indicated that the cost lined the institutional charges of 1,068 candidates.
Prof. Elom stated: “I hereby verify that our college acquired cost for 1,068 college students amounting to a complete of ₦193,377,100.00 (100 and ninety-three million, 300 and seventy-seven thousand, 100 naira solely) as 1st batch disbursement underneath the Pupil Mortgage Programme on the ninth of September, 2024.”
The Guardian stories that the primary section of the interest-free pupil mortgage scheme, which commenced on Might 24, 2024, is predicted to profit no fewer than 1.2 million college students.
As of the time of submitting this report, over ₦5,093,110,671 has been disbursed as institutional charges to 45,440 candidates from 59 federal and state establishments throughout the six geopolitical zones of the nation.
Different beneficiary establishments and the quantities acquired as institutional charges embrace: Abia State College (₦12.5m); Michael Okpara College of Agriculture, Imo State (₦71m); Ebonyi State College (₦78m); College of Ibadan (₦201m); Delta State College, Abraka (₦46m); Federal College Gusau, Zamfara State (₦218m); Bauchi State College (₦12.7m); Yaba Faculty of Expertise, Lagos State (₦733m); Niger State Polytechnic (₦4.5m), amongst others.
The Fund, alongside the management of the Nationwide Affiliation of Nigerian College students (NANS), has up to now visited 14 tertiary establishments throughout the nation for sensitization.
Talking throughout his separate visits to JS Tarkaa College of Agriculture, Makurdi, Benue State, and Nasarawa State College, Keffi, NELFUND Managing Director, Akintunde Sawyerr, highlighted the significance of the programme in serving to Nigerian college students overcome monetary boundaries to training.
The Managing Director stated the sensitization programme was aimed toward encouraging college students who could also be hesitant to use because of a lack of awareness of the scheme.
Sawyerr stated the Fund has been empowered to succeed in each nook and cranny of the nation, guaranteeing that no area is marginalised.
