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NELFUND funds 5,613 OOU students as 1,270 more apply – VC

Vice Chancellor of Olabisi Onabanjo University (OOU), Ago-Iwoye, Prof Ayodeji Agboola says funds for 5,613 OOU students who applied for the Nigerian Education Loan Fund (NELFUND) have already been deposited into the university’s bank account and are ready for disbursement. He added that another 1,270 fresh applications have been processed and forwarded to NELFUND this week, bringing the total number of beneficiaries for the current session to 6,883 once the new batch is paid.​ Speaking during activities marking OOU’s 35th Convocation Ceremonies for the 2024/2025 academic session, Agboola hailed the NELFUND initiative of President Bola Ahmed Tinubu’s administration. He said the scheme has broadened access to tertiary education and drastically reduced the number of students applying for leave of absence over financial difficulties, which previously ranged between 3,000 and 4,000 annually.​ The VC explained that as at now, no student […]

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NELFUND Urges Schools to Upload Student Records for Loans

The Nigerian Education Loan Fund (NELFUND) has called on all accredited tertiary institutions to update and upload their students' records to its verification portal. This preparatory step is for the official opening of the loan application portal for the 2025/2026 academic session. The agency stated that only students whose details have been duly uploaded and verified by their institutions will be eligible to apply for the student loan scheme. NELFUND emphasized the critical role of schools in ensuring a seamless process and urged them to appoint qualified officers to oversee the data upload in line with its technical guidelines. The move is part of the government's agenda to facilitate equitable access to higher education through financial support.

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