The Federal University of Education, Zaria (FUEZ), has confirmed the disbursement of N163,991,400 education loan to its students by the Nigeria Education Loan Fund (NELFUND). This development is a major boost for higher education accessibility in Nigeria. The loan was disbursed to 3,215 students, covering registration fees for the 2025/2026 academic session.
According to the breakdown released by the university, the disbursements spanned three months, from December 19, 2025, to February 27, 2026. The highest single disbursement occurred on February 20, 2026, with N49.1 million released for 980 students. This was followed closely by a N39.9 million release for 766 students on February 27, 2026.
The Vice-Chancellor of FUEZ, Prof. Yahaya Bunkure, expressed gratitude to NELFUND’s Managing Director, Akintunde Sawyerr, in an official letter of commendation dated September 3, 2026. Prof. Bunkure noted that the funds were received into the University’s Treasury Single Account, and receipts were issued to all beneficiaries to ensure accountability, transparency, and documentation.
The Vice Chancellor applauded the Federal Government’s NELFUND initiative, stating that the loan has provided a critical lifeline not just for the students, but for their parents and the wider community during a period of severe economic hardship. This initiative has come as a relief to many families struggling to make ends meet.
Beyond financial relief, Prof. Bunkure highlighted the broader societal benefits of the scheme. He stated that the loan is a strategic tool for national security, noting that it prevents social unrest and similar vices perpetrated by an idle population of youth. By supporting education, the government is investing in the country's future.
Prof. Bunkure described the NELFUND initiative as a game-changer and commended Akintunde Sawyerr for his exceptional contribution. He prayed for God's guidance and foresight to continue this good work. The Vice Chancellor's commendation underscores the positive impact of the loan on the university community.
The NELFUND initiative has demonstrated its potential to positively impact the lives of students and their families. With the successful disbursement of N163.9m to 3,215 students, the scheme has shown that government initiatives can make a tangible difference in the education sector. The university's appreciation for NELFUND's efforts highlights the importance of continued support for education.
Key points
- The Federal University of Education, Zaria, received N163.9m education loan from NELFUND for 3,215 students.
- The loan disbursements spanned three months, from December 19, 2025, to February 27, 2026.
- The NELFUND initiative has been commended for its role in providing financial relief and promoting national security.
