The University of Benin (UNIBEN) has confirmed the receipt of N24.4 million in student loans, benefiting 332 students under the Nigerian Education Loans Fund (NELFUND) scheme. This significant financial aid marks a major step in the Federal Government’s efforts to support indigent students in pursuing higher education.
In a letter dated August 11, 2024, and signed by UNIBEN’s Vice-Chancellor, Prof. Lilian Salami, the university acknowledged the funds provided by NELFUND. The letter, addressed to NELFUND’s Managing Director, Akintunde Sawyerr, expressed gratitude for the financial support that will cover school fees and upkeep for the selected students.
“I write to acknowledge with thanks the receipt of the sum of Twenty-Four Million, Four Hundred and Twelve Thousand, Five Hundred Naira (N24,412,500), being the payment of school charges and upkeep for 332 students of the University of Benin who have applied for loans under the Nigerian Education Loans Fund Scheme,” Prof. Salami stated.
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She further commended the Federal Government’s initiative, describing it as a commendable effort to elevate the standard of education and ensure the academic success of students across the country.
The student loan program, spearheaded by President Bola Tinubu, is a flagship project aimed at making higher education more accessible to low-income Nigerians. Just a month into his presidency, Tinubu signed the Access to Higher Education Act, establishing the legal framework for providing loans to students in need.
This development at UNIBEN underscores the government’s commitment to ensuring that no student is left behind due to financial constraints. With this substantial financial injection, the university is poised to continue its mission of delivering quality education and fostering academic excellence.
