PORT HARCOURT, RIVERS STATE— The Ignatius Ajuru University of Education (IAUE) has officially verified the receipt of 809,325,700 from the Nigerian Education Loan Fund (NELFUND).
The huge dispensation is allocated to cover the tuition costs of 4,649 trainees for the 2025/2026 academic session, marking among the largest single-institution payouts by the fund to date.
The payment, determined under the batch code IAUEPHSL11, represents the 2nd stage of disbursements to the university as the Federal Government magnifies its trainee loan rollout.
The Vice-Chancellor of IAUE, Professor Okechukwu Onuchuku, explained the intervention as a transformative relief for the student body.
In a main letter, he noted that the monetary injection has actually currently led to a noticeable improvement in student spirits, as countless recipients are now protected from the risk of being barred from assessments due to unpaid costs.
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Read the letter below:
Sir,
COMMENDATION AND GRATITUDE TO THE NIGERIAN EDUCATION LOAN FUND (NELFUND) FOR THE 2nd BATCH (IAUEPHSL11) OF PAYMENT FOR THE 2025/2026 ACADEMIC SESSION
On behalf of the management, personnel, and trainees of the Ignatius Ajuru University of Education, Port Harcourt, I wish to totally thank the Nigerian Education Loan Fund (NELFUND) for the dispensation of the 2025/2026 loan covering 4,649 students for 809,325,700.00.
The assistance supplied by NELFUND to our University is a clear presentation of your steadfast dedication to advancing education and empowering the next generation of Nigerian leaders. NELFUND’s commitment, professionalism, and enthusiasm for fostering educational advancement, which have been verified by this tested-and-trusted process, are extremely commendable.
The effect of this initiative is already evident in the improved morale and inspiration of Ignatius Ajuru University of Education trainees, who now have the opportunity to concentrate completely on their research studies without the weight of monetary constraints.
Acknowledgement of Payment:
The Ignatius Ajuru University of Education has actually received the second Batch of payment (IAUEPHSL11) representing the fees payment for 4,649 Trainees for 809,325,700.00.
Please accept my guarantees and greatest Regards.
Teacher Okechuku Onuchuku (DSSRS)
Vice Chancellor, Ignatius Ajuru University of Education
As NELFUND continues to scale its operations nationwide, authorities are placing the loan plan as a long-term fixture of Nigeria’s education funding landscape. For the over 4,600 trainees at Ignatius Ajuru University of Education, the 809 million disbursement represents more than just a monetary deal, it is an essential guarantee of their right to finish their degrees.