The University of Calabar (UNICAL) has confirmed the receipt of ₦15,866,000.00 from the Nigeria Education Loan Fund (NELFUND) as part of the second batch of the 2023/2024 student loan disbursement. The disbursement, received on 12th March 2025, is aimed at supporting 198 students of the institution, located in Calabar, Cross River State.
This confirmation was made in an official letter dated 3rd April 2025 and signed by the Vice-Chancellor of the university, Professor Florence Banku Obi. Addressed to the Managing Director/CEO of NELFUND, the letter acknowledged the fund as a key support system in assisting indigent students to access quality education without financial barriers.
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