NELFUND Disbursement of ₦6.97m benefits 10 students at African Aviation and Aerospace University, aiding academic stability and focus

The Nigerian Education Loan Fund (NELFUND) announced the disbursement on Tuesday, reaffirming its commitment to expanding educational access and reducing financial pressure on students.

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“We are pleased to announce the disbursement of ₦6,972,000.00 to 10 beneficiaries at African Aviation and Aerospace University (AAAU), Abuja,” NELFUND stated.

The university, through its Registrar Mustapha Abdul, acknowledged receipt of the funds, confirming that the amount was disbursed on Monday, July 21, 2025.

“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,” the management said in a press release.

The NELFUND Disbursement is part of the broader implementation of the Student Loans (Access to Higher Education) Act, signed into law by President Bola Tinubu on April 3, 2024.

The Fund was created to provide sustainable educational and skill development financing for Nigerian youths.

In its broader efforts, the Federal Government revealed that over ₦59 billion has been disbursed through NELFUND, with more than 600,000 students already onboarded across Nigeria.

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This support to AAAU, Nigeria’s pioneering aviation-focused tertiary institution, aligns with the country’s push to strengthen technical and specialized education in sectors like aerospace and engineering.