The Nigerian Education Loan Fund (NELFUND) has disbursed a total of ₦392,876,550 in student loans to Delta State University (DELSU), providing financial relief to 1,854 students.
The development marks another milestone in the Federal Government’s push to improve access to higher education through structured student loan funding.
Breakdown of the NELFUND Loan Disbursement
According to a statement posted on NELFUND’s official X account on Sunday, the ₦392.8 million disbursement is aimed at easing financial burdens and enabling students to focus on their academic pursuits.
Purpose: Tuition support and financial relief
NELFUND stated that the intervention would significantly reduce financial challenges facing beneficiaries and help sustain their academic progress.
DELSU Confirms Receipt of Student Loan Funds
In an official acknowledgement letter dated January 13, 2026, the Registrar of DELSU, Mrs. Rufina Ofio, confirmed the receipt of the funds on behalf of the Vice-Chancellor, Prof. Samuel O. Asagba.
The university management expressed appreciation for the initiative, noting that the funding would allow affected students to concentrate on their studies without the strain of financial constraints.
The institution also commended NELFUND’s commitment to strengthening educational access and promoting inclusive higher education development in Nigeria.
Boost for Higher Education Access in Nigeria
The latest Delta State University student loan disbursement underscores NELFUND’s expanding role in Nigeria’s education financing system. The initiative is designed to ensure that economic hardship does not prevent qualified students from completing their tertiary education.
With rising tuition costs and economic pressures on households, the NELFUND student loan scheme continues to serve as a critical support mechanism for students across federal and state universities.
Why This Matters
Expands access to tertiary education
Reduces dropout rates due to financial hardship
Supports academic continuity for low-income students
Strengthens government-backed education funding reforms
As NELFUND continues nationwide disbursements, stakeholders say sustained funding and transparency will be crucial to maintaining confidence in the student loan programme.
