Abuja: The Nigerian Education Loan Fund (NELFUND) has disbursed N1.33 billion to the University of Lagos (UNILAG) for the 2025/2026 academic session.
This is contained in a statement by the Director, Strategic Communications, NELFUND, Mrs Oseyemi Oluwatuyi, in Abuja on Friday, on behalf of the Managing Director/CEO of NELFUND, Mr Akintunde Sawyerr.
Sawyerr announced that UNILAG received N1.33bn on Jan. 19, in line with the approved disbursement schedule for the academic session.
He said the funds were intended to cover 6,308 eligible UNILAG students who met all requirements for the student loan programme.
NELFUND generated the beneficiary lists based on verified institutional data, which he explained had been submitted during the application and validation process.
Following the disbursement to institutions, beneficiaries should register and access academic activities without delay, he noted.
He added that NELFUND would consistently engage relevant officials of tertiary institutions to reconcile beneficiary lists, ensure the timely application of funds to students’ accounts, and promote clear communication to avoid misinformation.
He reaffirmed the Fund’s commitment to transparency and students’ welfare.
“NELFUND remains fully committed to prompt disbursement and the proper application of approved student loan funds,” he emphasized.
“It is also working closely with partner institutions to address administrative gaps,” he said.
The MD assured that efforts are ongoing to ensure that no eligible student is disadvantaged in the process.
He, therefore, urged students and other stakeholders to rely on official communications from the Fund and their institutions.
He assured stakeholders that NELFUND is resolving issues related to the disbursement.
He also encouraged students to seek clarification from their institutions’ bursary or student affairs offices and assured them that NELFUND remains dedicated to resolving all disbursement matters efficiently, reinforcing support for every eligible beneficiary.
