FG Disburses ₦1.06bn Student Loan to FUDMA

By Esther Ososanya

The Federal Government has disbursed ₦1,065,391,000.00 to the Federal University, Dutsin-Ma (FUDMA), Katsina State.

The Nigerian Education Loan Fund (NELFUND) facilitated the release, which will cover tuition for 10,018 students under the renewed Student Loan Programme.

NELFUND shared the update today via its official X account.

University Acknowledges Fund Transfer

In a letter dated July 9, 2025, Acting Vice Chancellor Professor Aminu Ado confirmed the disbursement. According to him, the university received the funds on July 2, directly into its Central Bank of Nigeria (CBN) account.

“We write to confirm the receipt of One Billion, Sixty-Five Million, Three Hundred and Ninety-One Thousand Naira only, as payment of school fees to 10,018 students of our institution,” the letter stated.

A Major Step for Student Access

Following the announcement, NELFUND described the payment as a milestone in its mission to expand access to education. According to the agency, this move will ease the financial burden on students and also strengthen public institutions.

Moreover, the disbursement represents one of the first under the redesigned student loan scheme. It shows the government’s commitment to tackling the affordability crisis in higher education.

Loan Scheme Backs Renewed Hope Agenda

The student loan initiative is a key part of the government’s Renewed Hope Agenda, which prioritises inclusive access to quality education. According to officials, the programme is expected to reduce dropout rates and relieve families struggling with rising tuition costs.

READ ALSO: FG Moves to Curb $18Bn Annual Loss to Illicit Financial Flows

FUDMA is one of the first public universities to receive direct funding under this model. This breakthrough sets the tone for future disbursements across other institutions in the country.

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Esther Ososanya is an investigative journalist with Pinnacle Daily, reporting across health, business, environment, metro, Fct and crime. Known for her bold, empathetic storytelling, she uncovers hidden truths, challenges broken systems, and gives voice to overlooked Nigerians. Her work drives national conversations and demands accountability one powerful story at a time.

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