Over 8,266 students at the Federal University of Kashere have benefited from ₦1.07 billion disbursed through NELFUND, the Federal Government’s flagship education loan initiative.
🏛️ NELFUND Benefits Federal University of Kashere Students with Major Financial Support
The Vice Chancellor of the Federal University of Kashere (FUK), Professor Umaru Pate, has praised the Federal Government for its landmark educational intervention, the Nigerian Education Loan Fund (NELFUND), which he says has transformed student access to funding.
Speaking during a press briefing on the university’s 6th to 9th convocation ceremonies, Professor Pate confirmed that ₦1,073,966,500 has been disbursed to 8,266 students under the NELFUND scheme.
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“In the last 10 to 20 years, no programme has impacted the lives of students like NELFUND,” Pate stated.
💸 The Financial Breakdown: Over ₦1 Billion Disbursed
According to Professor Pate, the NELFUND initiative covers:
- Service charges
- Monthly upkeep allowances
- Tuition and essential academic expenses
This intervention is described as the most impactful government education initiative in decades, especially in terms of scale and direct impact on students.
| Category | Data |
|---|---|
| Total Disbursed | ₦1,073,966,500 |
| Benefiting Students | 8,266 |
| Duration Covered | Last 1 Year |
| Coverage | Monthly upkeep, service charges |
🎓 Convocation Statistics: 6,870 Students Graduate
During the convocation briefing, Professor Pate also announced the graduation of 6,870 students, detailing academic performance across degree classes.
📊 Graduation Summary:
- 91 First-Class Honours (1%)
- 1,899 Second-Class Upper (28%)
- 3,917 Second-Class Lower (57%)
- 960 Third-Class Degrees
- 3 Pass Degrees
👨🎓 Gender Distribution:
- 4,791 Male Graduates (70%)
- 2,079 Female Graduates (30%)
“This gender gap is a call for us to work harder to increase female enrolment,” Pate emphasized.
🏆 Why NELFUND Matters: Nigeria’s Education Transformation Engine
The Nigerian Education Loan Fund (NELFUND) was launched to:
- Reduce financial barriers to higher education
- Empower students from low-income families
- Enhance national human capital development
FUK’s experience serves as a case study in how well-structured education loans can fuel student success and increase retention and graduation rates.
🧾 What Is NELFUND?
NELFUND is a government-backed student loan programme designed to provide:
- Interest-free loans or low-interest funding
- Structured repayment after graduation
- Access to support services and stipends during study
It targets public tertiary institutions and is managed in partnership with school administrations and financial institutions.
🗣️ Pate’s Final Remarks: A Call to Expand and Sustain the Programme
Professor Pate concluded by urging the Federal Government to:
- Continue expanding NELFUND to reach more institutions
- Monitor implementation to ensure accountability
- Align loan coverage with rising education costs
“We remain confident that many more students will be enrolled, and this programme will continue to assist students across Nigeria,” he said.
❓FAQs: NELFUND Benefits Federal University of Kashere Students
1. What is NELFUND? The Nigerian Education Loan Fund (NELFUND) is a government loan scheme designed to support Nigerian students financially during their tertiary education.
2. How many students benefited at FUK? 8,266 students have received NELFUND loans totaling over ₦1.07 billion.
3. What does the fund cover? Service fees, monthly upkeep allowances, and other academic-related expenses.
4. Is NELFUND a grant or a loan? It is a loan-based support system, with structured repayment terms, not a grant.
5. Can students in other institutions apply? Yes. NELFUND is being expanded to include students across other public tertiary institutions in Nigeria.
6. How does NELFUND impact student life? It removes financial obstacles, allowing students to focus on academics and graduate successfully.
🔗 Related Resources
📘 NELFUND Official Portal 📘 Federal University of Kashere Website
✅ Article Summary:
- Focus Keyword: NELFUND Benefits Federal University of Kashere Students
- Over ₦1 billion disbursed to 8,266 students
- 6,870 students to graduate across four convocation classes
- NELFUND praised as Nigeria’s most impactful educational initiative in decades
#NELFUND, #FUKashere, #StudentLoansNigeria, #NigeriaEducation, #TertiaryFunding, #HigherEdSupport, #EducationForAllNG, #NELFUNDImpact, #Convocation2025,
By DAYO ADESULU
