Ninety-one students of the Federal College of Agriculture, Moor Plantation, Ibadan (FCAIB) have received a total of ₦19.54 million in financial support from the Nigerian Education Loan Fund (NELFUND) to help them continue their studies without financial stress.
The disbursement, achieved under the leadership of the college’s Provost, Professor Jonathan J. Atungwu, highlights FCA Ibadan’s commitment to inclusive education and support for students from low-income backgrounds.
The funds followed a sensitisation session held on August 29, 2025, where students were guided on the objectives and benefits of the NELFUND scheme. The programme is based on the Students Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024, signed into law by President Bola Ahmed Tinubu, GCFR.
According to Barrister Elum, the college’s NELFUND liaison officer, over 600 students were uploaded to the NELFUND portal. Of these, 92 applications were processed, 91 approved, and ₦19.54 million fully disbursed to beneficiaries. He stressed transparency and proper documentation during the application process.
Former Students’ Union President, Comrade Pelumi Folarin, praised the initiative, calling it a lifeline for students struggling financially.
“This intervention has brought hope to those who might have dropped out due to lack of funds. We are grateful to the government and the College Management for making this possible,” he said.
The sensitisation event drew top college officials, including the Deputy Provosts (Administration and Academic), Registrar, Head of Bursary, Director of Audit, Deans, and the Dean of Student Affairs, showing management’s strong backing for student welfare.
In a statement, the college lauded the Federal Government and NELFUND for their timely intervention.
“This milestone will ease the financial burden on our students. We commend the government’s vision and hope the scheme continues to benefit more indigent students nationwide,” it said.
