Nigerian Education Loan Fund Disburses ₦392.8m Student Loan to Delta State University, Abraka, 1,854 Beneficiaries

The Nigerian Education Loan Fund (NELFUND) has disbursed ₦392,876,550 in student loans to Delta State University, Abraka (DELSU), providing financial support to 1,854 students.

In a statement shared on its official X account on Sunday, NELFUND said the funds are aimed at easing financial burdens and enabling beneficiaries to focus fully on their academic programmes.

According to the agency, “Delta State University has received a students’ loan disbursement from the Nigerian Education Loan Fund (NELFUND) totalling ₦392,876,550.00. Number of beneficiaries: 1,854 students. This will alleviate financial challenges and support students’ academic pursuits.”

In an acknowledgement letter dated January 13, 2026, and addressed to the Managing Director/CEO of NELFUND, DELSU Registrar, Mrs Rufina Ofio, expressed appreciation for the intervention on behalf of the Vice-Chancellor, Prof. Samuel O. Asagba.

She confirmed receipt of the ₦392.8 million disbursement, noting that it would significantly reduce the financial strain on the affected students and allow them to concentrate on their studies.

The university also commended NELFUND for its commitment to expanding access to education and fostering academic development across Nigeria.

The latest disbursement underscores NELFUND’s continued efforts to support higher education students nationwide and ensure that financial constraints do not stand in the way of academic success.