Student Loans: NELFUND Authorizes Additional Fund Disbursements for UI and Five Other Universities

The Nigerian Education Loan Fund (NELFUND) has approved disbursements for students from six universities who applied for loans between May 24 and July 17, 2024, as confirmed on its loan dashboard.

NELFUND advises students whose loan applications were approved during this period to check with their respective universities to ensure their tuition fees have been received, as noted on the official NELFUND X account.

The six universities involved are Bayero University Kano, University of Ilorin, University of Benin, University of Ibadan, University of Maiduguri, and Federal University Dutsinma.

The agency also mentioned that loan disbursements are being executed in stages. Students who applied after the current disbursement period will have their loans processed in future batches. NELFUND guarantees that all approved loans will be disbursed efficiently and transparently.

Students from other institutions not included in this disbursement cycle but with approved loans are asked to be patient. Their loans will be processed in upcoming batches.

NELFUND encourages all students to log in to their NELFUND portal to check their application status and stay updated on the disbursement process.

This loan scheme is a key initiative of President Bola Tinubu’s administration, reflecting his commitment to enhancing educational access in Nigeria. Shortly after taking office, President Tinubu signed the Access to Higher Education Act to provide financial support to students in need for their tertiary education.