Federal College of Agriculture, Ibadan Students Obtained FG NELFUND Loans

By Seyifunmi Odunuga 

The Federal College of Agriculture, Moor Plantation, Ibadan (FCAIB), under the visionary leadership of the Provost, Prof. Jonathan J. Atungwu, has achieved another remarkable milestone in student financial empowerment,with the successful disbursement of *₦19,540,000.00 ( Nineteen million, five hundred and forty thousand naira only)* to *91* eligible students under the Nigerian Education Loan Fund (NELFUND) scheme.

The sensitization and awareness programme, held on August 29, 2025, was organized to enlighten students on the objectives, benefits, and operational procedures of NELFUND — a Federal Government financial intervention established under the Students Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024, signed into law by President Bola Ahmed Tinubu, GCFR.

During the session, Barrister Elum outlined the eligibility requirements, registration process, and repayment structure of the loan scheme, emphasizing transparency and accuracy in the application process.

He revealed that out of *600* students uploaded to the NELFUND portal, *92* applications were successfully processed, *91 approved*, and a total of *₦19.54 million* disbursed *in full* to qualified beneficiaries.

In his remarks, the immediate past Student Union President, Comrade Pelumi Folarin, commended the Federal Government and NELFUND for their commitment to expanding access to higher education for students from financially challenged backgrounds and lauded the College Management for its consistent support and dedication to student welfare.

The event was graced by members of the College Management, including the Deputy Provost (Administration), Deputy Provost (Academic), Registrar, Head of Bursary, Director of Audit, Deans of Schools, and the Dean of Student Affairs, among others — a demonstration of the College’s enduring commitment to student success and academic excellence.

The Federal College of Agriculture, Ibadan, expresses profound appreciation to the Federal Government and NELFUND for this great intervention, which has alleviated the financial burden of many students and renewed hope for a brighter academic future. The College remains optimistic that the initiative will be sustained to benefit more indigent students across tertiary Institutions nationwide.

_FCAIB — The F

irst and The Best._