ByOgene Romanus Chizoba
The Federal Polytechnic of Oil and Gas, Bonny, Rivers State, has applauded the Nigerian Education Loan Fund (NELFUND) for releasing ₦12,244,500 in institutional fees for 126 approved students, describing the intervention as a significant boost to students' confidence and access to higher education.
The institution, which is participating in the NELFUND student loan programme for the first time, said the financial support had brought renewed hope to students and parents in Bonny while encouraging more students to take advantage of the ongoing application window.
In an appreciation letter dated October 26, 2026, addressed to the Managing Director/Chief Executive Officer of NELFUND, Mr. Akintunde Sawyerr, the Rector, Dr. Victor Akpevwe Okolobah, expressed profound gratitude on behalf of the Governing Council, management, staff and students of the institution.
The Rector described the release of the funds as a demonstration of the Federal Government's commitment, through NELFUND, to ensuring that financial constraints do not prevent Nigerian students from accessing quality education.
He particularly commended the Fund's management for its prompt response to the institution's earlier appeal, noting that the intervention had strengthened confidence in the programme and encouraged wider student participation.
The Polytechnic also assured NELFUND of its continued collaboration and commitment to ensuring proper utilisation of the released funds in strict compliance with the Fund's guidelines.
The development further highlights the growing reach of NELFUND across Nigerian tertiary institutions, as more students benefit from the Federal Government's student financing initiative.
Below is the full text of the institution's appreciation letter:
Appreciation Statement Reads in full..
On behalf of the Governing Council, Management, Staff and Students of Federal Polytechnic of Oil and Gas, Bonny, I write to express our profound gratitude to you and the entire management of NELFUND for the release of institutional fees for 126 of our students amounting to **₦12,244,500.00 (Twelve Million, Two Hundred and Forty-Four Thousand, Five Hundred Naira only).**
This gesture is a clear demonstration of the Federal Government's commitment through NELFUND to ensure that no Nigerian student is denied access to quality education due to financial constraints.
As a first-time participating institution, the release of this fund has greatly boosted confidence among our students and parents in Bonny and has encouraged many more students to apply for the loan in the ongoing application window. We are particularly grateful for your prompt response to our earlier appeal.
We assure you of our continued collaboration and commitment to ensure proper utilization and compliance with all NELFUND guidelines.
Please accept my esteem highest regards at all times.
Dr. Victor A. Okolobah, FRSS
Rector
