The Federal College of Agriculture, Moor Plantation, Ibadan, Oyo State, has commended the Nigerian Education Loan Fund (NELFUND) for disbursing N54.21million to 360 students of the institution under the student loan scheme.
The College, in an acknowledgement and commendation letter dated September 28, 2026, disclosed that the beneficiaries received the financial support through four disbursement rounds between August 2025 and August 2026.
The letter, signed by the College Provost, Prof. Jonathan Jeremiah Atungwu, and addressed to the Managing Director/Chief Executive of NELFUND, Mr. Akintunde Sawyerr, expressed appreciation for the fund’s continued support and cooperation.
According to the institution, the total amount disbursed to the students stood at N54,210,000, covering beneficiaries across the 2024/2025 and 2025/2026 academic sessions.
A breakdown contained in the letter showed that the first disbursement, made on August 13, 2025, covered 91 students and amounted to N19,524,000. The second release, on October 22, 2025, benefited 54 students, with N11,197,000 disbursed.
For the 2025/2026 academic session, the third release, made on March 25, 2026, covered 73 students and amounted to N7,767,750. The fourth disbursement, dated August 8, 2026, benefited 142 students, with N15,721,250 released.
The four disbursements brought the total number of beneficiaries to 360 students and the cumulative amount to N54.21million.
Prof. Atungwu commended President Bola Ahmed Tinubu and NELFUND for their continued support and cooperation in facilitating access to educational financing for students of the institution.
The acknowledgement highlights the role of the student loan scheme in helping eligible students meet their educational financial obligations and pursue their studies.
NELFUND was established to provide financial assistance to eligible Nigerian students in approved tertiary institutions, with the objective of reducing financial barriers to higher education.
The Federal College of Agriculture, Moor Plantation, Ibadan, is an agricultural education institution committed to training and developing manpower for the agricultural sector.
The latest commendation adds to institutional feedback on the implementation of the student loan programme and its reach among students in specialised fields of education, including agriculture.
