Abeokuta (Nigeria): Prof. Olusola Kehinde, Vice Chancellor, Federal University of Agriculture, Abeokuta (FUNAAB), says 5,000 students of the university have benefited from the Nigerian Education Loan Fund (NELFUND)
scheme.
He made this known at a news conference heralding the 33rd convocation ceremony held at the institution in Abeokuta on Wednesday.
The vice chancellor disclosed that the university had received about N840million from NELFUND, saying that the Federal Government’s gesture has been beneficial to both the institution and its students.
According to him, contrary to reports from some institutions where students complained of non-disbursement of funds, FUNAAB ensured transparency in the handling of the loans.
The vice chancellor revealed that NELFUND disburses the funds directly into the university’s Treasury Single Account (TSA), after which the institution reimburses students based on the amounts they applied for.
“At no point did we deduct one naira from the students’ NELFUND funds. Whatever amount a student applied for was fully disbursed to them,” he said.
He emphasised that the university ensured prompt, complete disbursement and that students received at least N840 million from NELFUND.
He expressed appreciation to NELFUND for its support of the students.
The vice chancellor further announced that the university would confer Bachelor’s degrees to 4,141 students across various disciplines.
“Out of these, a total of 104 graduate with First Class Honours Degree, 1,771 in the Second-Class Upper Division, 1,896 in the
Second-Class Lower Division, while 285 had Third Class Degrees, and only 2 graduated
with Pass.
“Additionally, 41 students graduated with the Veterinary Medicine degree, which does not receive a classification.
He stated that 69 distinguished graduands are successfully completing their studies under the Part-time Degree.
The vice chancellor also announced that Miss Isiamo Chinyere, from the Department of Food Science and Technology, was the overall best student, with a CGPA of 4.85.
