The Nigerian Education Loan Fund (NELFUND) has announced the disbursement of ₦6,972,000 to 10 students of the African Aviation and Aerospace University (AAAU) in Abuja.
In a statement released on Tuesday, NELFUND said the intervention underscores its mandate to support higher education and skill development among Nigerian youths.
“We are pleased to announce the disbursement of ₦6,972,000.00 to 10 beneficiaries at African Aviation and Aerospace University (AAAU), Abuja, Nigeria,” the Fund stated, reaffirming its commitment to empowering students across the country.
Confirming receipt of the disbursement, AAAU Registrar, Mustapha Abdul, said the funds were credited on Monday, July 21, 2025.
“We deeply appreciate this timely intervention, which will significantly ease the financial burdens of our beneficiaries and enhance their ability to focus on their academic pursuit,” the university said.
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NELFUND was created under the Student Loans (Access to Higher Education) Act, signed into law by President Bola Tinubu on April 3, 2024, to ensure no qualified Nigerian is denied tertiary education because of financial constraints.
Earlier this week, the Federal Government disclosed that over ₦59 billion has so far been disbursed to more than 600,000 students through NELFUND.
Speaking in Asaba, the Director-General of the National Orientation Agency, Mallam Lanre Issa-Onilu, reiterated that the student loan scheme is designed to guarantee access to education for every eligible Nigerian.