The Nigerian Education Loan Fund (NELFund), has dismissed reports that 88,136 students were unable to access its loan application process.
The NELFund Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, in the rebuttal statement said that the report misrepresented the situation.
She explained that the disparity between the number of students registered on the NELFund portal and those who completed loan applications is not indicative of difficulties in applying.
“The attention of the Nigerian Education Loan Fund (NELFUND) has been drawn to a recent publication titled ‘88,136 Students Unable to Apply for NELFUND Loans’ in the Punch Newspaper, which appears to misrepresent the student loan application process.
“Not all students who register on the NELFUND portal immediately proceed to complete their loan applications. Some choose to delay their applications for personal or academic calendar-related reasons.” The NELFund Director stated.
Oluwatuyi urged the media to seek accurate information from the fund on the loan application process before publishing to avoid misleading the public.
“We urge the media to avoid conclusions that may mislead the public and to engage with NELFund for accurate information when reporting on such matters.”
According to her, the fund has a flexible application system, which allows students to apply at their own pace, resulting in massive registration and loan application rates daily.
“NELFund records an average of 1,000 new registrations daily and additional 2,000 loan applications daily. This indicates that many students who registered earlier often return to complete their applications at a later time.
“This gradual process reflects the flexibility of the system, allowing students to apply at their own pace.
“We remain committed to ensuring that all eligible students who wish to apply can do so without difficulty,” Oluwatuyi said.
She added that NELFund has established multiple support channels, including a robust client support service framework and sensitization programs, to guide students through the application process.
“Our goal remains to provide a transparent, inclusive, and efficient student loan process to support Nigerian students in their pursuit of education,” she added
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