The Nigerian Education Loan Fund (NELFUND) says it has resolved the technical glitches that caused months-long delays in student loan disbursements, promising that approved tuition fees will now reach institutions within five working days.
At a stakeholder meeting with The Polytechnic, Ibadan, NELFUND’s Director of Monitoring and Evaluation, Aliyu Mohammed, assured students and management of improved efficiency. “We are investing continuously in our systems to ensure timeliness, accountability, and impact,” he said. “All we ask is for schools and students to provide accurate and timely information.”
Mohammed added that over 6,000 student loan applications are currently being processed, with thousands already benefiting from the scheme. He emphasised that application procedures remain unchanged despite system upgrades.
Responding to concerns from the institution, Acting Rector Dr. Abiden Taiwo Lasis admitted that the school had mistakenly asked students to pay tuition upfront due to earlier delays. “We experienced an eight-month gap in receiving funds,” he explained. “We had to act to meet financial obligations like salaries and electricity bills. But we now trust NELFUND’s assurances of prompt disbursement.”
Dr. Florence Babalola, the school’s Director of ICT, confirmed that refunds are underway for 25 students whose tuition had already been covered by loans. “They’ve been asked to submit forms at the student affairs department for processing,” she said.
Gom Mirian -Report
Plateau News Online 