NELFUND disburses ₦14.5m to 301 Federal Polytechnic Bauchi students

The Nigerian Education Loan Fund (NELFUND) has disbursed ₦14.53 million to 301 students of the Federal Polytechnic, Bauchi, for the 2025/2026 academic session.

According to NELFUND, the payment valued at exactly ₦14,534,100 was made to cover 100 percent of the statutory charges for all verified beneficiaries at the institution.

The disbursement is expected to ease the financial burden on the affected students and allow them to continue their studies without interruption caused by unpaid institutional fees.

NELFUND announced the development in an official statement, describing the intervention as part of ongoing efforts to provide financial support under the student loan program.

The fund noted that the payment would enable beneficiaries to pursue their education with renewed hope and without financial hardship.

The Federal Polytechnic, Bauchi, acknowledged receipt of the funds in an official letter dated June 30, 2026, addressed to the Managing Director and Chief Executive Officer of NELFUND.

The institution confirmed that the ₦14,534,100 disbursement represents the fourth batch of payments for 301 student beneficiaries.

Signed on behalf of the Rector by the institution’s Bursar, Sama’una Nuhu, the letter expressed appreciation for the financial assistance provided to its students, noting that the polytechnic’s management deeply appreciates the gesture.

The management also assured NELFUND that the funds would be properly reconciled to ensure transparency and accountability.

According to the institution, any credit balances remaining after reconciliation will be refunded directly into the students’ respective bank accounts, with documentary evidence of the refunds communicated to NELFUND upon completion.

This development highlights the critical role of the national student loan program in helping learners meet institutional financial obligations amid rising education costs.

By ensuring full coverage of statutory fees for these 301 polytechnic students, the intervention marks another concrete step toward eliminating financial barriers in Nigerian tertiary education.