481 Dennis Osadebay University Students Benefit As NELFUND Releases ₦124.1 Million
Federal Student Loan Scheme Reaches Delta University
THE Nigerian Education Loan Fund (NELFUND) has disbursed ₦124,100,200 to support 481 students of Dennis Osadebay University, Asaba, Delta State, under the Federal Government’s Student Loan Scheme for the 2025/2026 academic session.
The disbursement was announced through the Fund’s official communication channels, with NELFUND confirming that the payment forms part of its nationwide effort to expand access to tertiary education by providing financial assistance to eligible students across Nigerian higher institutions.
The latest intervention underscores the Federal Government’s continued implementation of reforms aimed at reducing financial barriers to university education.
Support for Eligible Beneficiaries
According to NELFUND, the funds were released to cover approved beneficiaries at Dennis Osadebay University who successfully met the requirements of the student loan programme.
The scheme is designed to assist students in meeting tuition obligations and other approved educational expenses, thereby reducing the financial burden on students and their families.
Education stakeholders have described the initiative as an important step toward improving access to higher education, particularly for students from low- and middle-income households.
Part of Nationwide Education Financing Initiative
The payment to Dennis Osadebay University is one of several disbursements being made to tertiary institutions across the country under NELFUND’s ongoing implementation programme.
Established to administer the Federal Government’s student loan initiative, the Fund is expected to provide sustainable financial support that enables qualified Nigerian students to pursue higher education without interruption caused by financial constraints.
The programme also aligns with broader efforts to strengthen human capital development by improving enrolment, retention and graduation rates within Nigeria’s tertiary education system.
Expanding Access to Higher Education
Since the commencement of the scheme, NELFUND has continued to process applications from eligible students nationwide, with successive rounds of disbursement reflecting the government’s commitment to expanding educational opportunities.
Observers say sustained implementation of the programme could improve educational access while contributing to the development of a more skilled workforce capable of supporting Nigeria’s long-term economic growth and national development objectives.
