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    Mastercard Foundation Commits $500m to African Universities

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UNIZIK Acknowledges Receipt of N19.8m NELFUND Loan for 175 Students

Folaranmi Ajayi by Folaranmi Ajayi
July 31, 2026
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NELFUND Upkeep Delay: Agency Assures Students of Resolution
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Nnamdi Azikiwe University has acknowledged the receipt of N19,797,500 from the Nigerian Education Loan Fund for the disbursement of tuition loans to 175 students under the 2025/2026 academic session.

In a letter dated June 1, 2026, and signed by the University’s Bursar, Gozie C.M. Egwuatu, the institution confirmed that the funds were received through its Central Bank of Nigeria (CBN) account on **June 18, 2026**.

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The university stated that the payment represents the 12th batch disbursement under the NELFUND student loan scheme and covers the tuition fees of 175 successful beneficiaries studying at the institution.

The management expressed appreciation to the NELFUND management team for the intervention, describing the initiative as a significant support for students pursuing higher education.

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According to the letter, the university assured the agency that the funds would be disbursed to the beneficiaries accordingly and expressed optimism about receiving the **13th batch disbursement** for the 2025/2026 academic session.

The acknowledgement was addressed to the Managing Director and Chief Executive Officer of NELFUND at its Abuja headquarters.

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Folaranmi Ajayi

Folaranmi Ajayi

Folaranmi Ajayi, is an educator and journalist covering education,as an educator he has over a decade of experience in teaching and helping students pass exams with above-average grades. He is an education journalist with a special interest in local education,policy writing, solutions journalism, mentoring students, public speaking, and online training.

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