The Federal Polytechnic, Bauchi, has acknowledged the receipt of N14.53 million from the Nigerian Education Loan Fund (NELFUND) under the Students Loan Programme.
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The institution disclosed this in a letter dated June 30, 2026, signed by its Bursar, Sama’una Nuhu CNA, FCMA, FRC, on behalf of the Rector, Alhaji Sani Usman.
According to the letter, the N14,534,100 was received on June 11, 2026, as the fourth batch of funds for 301 student beneficiaries of the federal student loan scheme.
The management of the institution expressed appreciation to NELFUND for providing financial support to its students.
The Polytechnic further stated that it would reconcile the payments made by the beneficiaries and refund any outstanding balances directly to the students’ bank accounts.
It added that evidence of the refunds would be communicated to NELFUND in due course, stressing the institution’s commitment to accountability and transparency in the administration of the funds.
The letter was addressed to the Managing Director/Chief Executive Officer of NELFUND at its Abuja office.
The development comes amid efforts by the Federal Government to expand access to tertiary education through the Students Loan Programme, which provides financial assistance to eligible Nigerian students.
For the Federal Polytechnic, Bauchi, the latest disbursement represents another tranche of support aimed at easing the financial burden of students pursuing their education at the institution.
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