The Nigerian Education Loan Fund (NELFUND) has disbursed a sum of N6,972,000 to support 10 students at the African Aviation and Aerospace University (AAAU) in Abuja.
The Fund confirmed the disbursement in a statement released on Tuesday, stating: “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 statement also reaffirmed NELFUND’s commitment to supporting educational institutions and empowering students across the country.
The management of AAAU acknowledged the receipt of the funds in a statement signed by its Registrar, Mustapha Abdul, confirming that the disbursement was made on Monday, 21 July 2025.
The university expressed its gratitude, saying, “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.”
NELFUND was established under the Student Loans (Access to Higher Education) Act signed into law by President Bola Tinubu on April 3, 2024, to provide sustainable higher education and skill development opportunities for Nigerian youth.
This disbursement is part of a larger rollout by the scheme. On Monday, the Federal Government revealed that it has disbursed over ₦59 billion to students through NELFUND, with more than 600,000 students already onboarded.
Stating this during a briefing in Asaba, the National Orientation Agency’s director-general, Mallam Lanre Issa-Onilu, reiterated the government’s commitment that no qualified Nigerian should be denied tertiary education for lack of fees.
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