The Federal University of Education, Zaria (FUEZ) has confirmed the receipt of N51,503,621 from the Nigerian Education Loan Fund (NELFund) to cover the registration fees of 1,173 students for the 2024/2025 academic session.
In an official statement signed by the Acting Vice-Chancellor, Dr. Suleiman Balarabe, the institution acknowledged that the funds were received on 28th January 2025 and deposited into the university’s Treasury Single Account (TSA). He noted that all beneficiaries were issued receipts to ensure accountability and transparency.
Dr. Balarabe commended NELFund for its exceptional contribution to education financing, emphasizing that the intervention has relieved financial burdens on students, parents, and the institution. He further highlighted the broader societal impact, stating that initiatives like this help reduce social unrest and other vices among the youth.
The Vice-Chancellor expressed hope for the continued sustainability of the scheme, praying for divine guidance and foresight for those managing the programme.
The NELFund initiative, introduced by the federal government, aims to improve access to higher education by providing financial assistance to students across public tertiary institutions in Nigeria.
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We sincerely thank the President for the student loan initiative , which covers school fees and provides feeding allowances. This support truly, truly helps parents and reduces the financial stress on families, making it easier for students to focus on their studies.
With this assistance, students are less likely to go astray, and they can concentrate fully on their education without worries. It also promotes mental well-being, as students won’t have to struggle with financial pressures or feel discouraged. Instead, they can carry out their academic activities properly and pursue their dreams with confidence.
This initiative is a huge step forward for education in our country, and we are deeply grateful for the government’s commitment to the future of Nigerian students.
Thank you for making a difference in our lives!
We at EduTimes Africa agree with 100%! Introduction of the NELFUND made-easy student loan is undoubtedly a life changer and even in some ways a lifesaver for many Nigerians. In a few years time, Nigerians will come to fully realise and appreciate this great scheme that the President introduced to restore hope for a meaningful future for many who had long lost hope. Thank you so much for reaching out. All the best.