NELFUND covers loans of 6,308 students in UNILAG, disburses N1.33bn
The Nigerian Education Loan Fund (NELFUND) on Friday said it has disbursed N1,326,550,000 to the University of Lagos (UNILAG) for the 2025/2026 academic session.
The agency said the fund was in line with the approved disbursement schedule for the 2025/2026 academic session.
In a statement signed by the Director, Strategic Communications, Nigerian Education Loan Fund (NELFUND), Mrs. Oseyemi Oluwatuyi, the agency said disbursement covers 6,308 eligible UNILAG students who have met all requirements under its student loan programme.
The statement said, “As is standard procedure, student beneficiary lists are generated through verified institutional data submitted during the application and validation process.
“NELFUND wishes to reiterate that once disbursement has been made to an institution, students should be able to register and access classes without delays.
“The Fund always engages with the appropriate officials of tertiary institutions to ensure:
1. Proper reconciliation of beneficiary student lists;
2. Timely application of disbursed funds to all eligible students’ accounts; and
3. Clear communication to students to prevent misinformation and avoidable distress.”
Managing Director/Chief Executive of NELFUND, Mr Akintunde Sawyerr, reaffirmed the agency’s commitment to transparency and student welfare.
He stated, “NELFUND remains fully committed to ensuring that approved student loan funds are disbursed promptly and applied appropriately. We are working closely with all partner institutions to resolve any administrative gaps and to ensure that no eligible student is disadvantaged.”
NELFUND urged students and stakeholders to rely on official communications from it and their institutions and assured the public that necessary steps are being taken to resolve any matter swiftly.
NELFUND advised students to contact their institution’s bursary or student affairs office, while it continued engagement with UNILAG to conclude reconciliation.
