Student Loan Distribution Not Based on Geopolitical Zones – NELFUND

The Nigerian Education Loan Fund (NELFUND) has clarified that the allocation of its funds is not influenced by geopolitical zones.

This clarification follows the release of ₦2.94 billion to 19 universities for 27,667 students. The disbursement list showed that universities in the South-East and South-South regions were excluded, leading to criticism from some Nigerians.

Twitter user @Donaldsplendo expressed frustration, noting the lack of funds for institutions like UNIZIK, FUTO, MOUAU, and UNN, and questioning the fairness of the allocation. Another user, @Tonia_dimma, also highlighted the absence of funds for the South-South region, despite claims of national unity.

NELFUND responded via its official X account (@nelfund), stating that geopolitical zones do not affect fund distribution. The agency explained that payments are made to institutions that have completed the verification process. As institutions in the South-East have not yet responded, their students have not yet benefited from the scheme.

NELFUND also announced receiving ₦50 billion from the Economic and Financial Crimes Commission (EFCC). The Head of Corporate Communications, Oseyemi Oluwatuyi, expressed appreciation for the additional funds, which were directed by President Bola Tinubu to enhance the student loan program. This funding represents a significant boost to educational access and reflects the administration’s commitment to supporting students across Nigeria. The fund praised President Tinubu for his dedication to education and his leadership in improving the future prospects of Nigerian students.