Jack Acheme, Abuja
The Nigerian Education Loan Fund (NELFUND) has urged tertiary institutions to improve their turnaround time for the verification and approval of successfully completed applications to avoid unnecessary delays in loan disbursement to students.
The Fund’s Director of Strategic Communications, Mrs Oseyemi Oluwatuyi, said in a statement, that NELFUND had been inundated with complaints from prospective beneficiaries expressing concern that delays in verification by institutions – a critical requirement in the loan process – were preventing many students from receiving their institutional fees and upkeep allowances on time.
“The Fund believes that by prioritising timely verification and approval of successfully completed and submitted applications, the loan beneficiaries would have no issues getting their fees as at when due,” Mrs Oluwatuyi said.
She explained that the call further demonstrated the Fund’s unwavering commitment to serving the beneficiaries of the student loan programme more effectively.
Mrs Oluwatuyi also announced that NELFUND had relocated to its new permanent headquarters to raise organisational efficiency.
“Effective September 5, 2025, all official correspondence, visits, and enquiries will now be directed to: House 12, Plot 103/104, Monrovia Street, Wuse 2, Abuja, Federal Capital Territory, Nigeria,” she stated.
She assured stakeholders that the relocation would not interrupt services.
“We wish to assure our stakeholders and the public that this relocation will not interrupt our services in any way. NELFUND remains fully operational and committed to its mandate of providing affordable education loans and support to Nigerian students across the country,” she added.
“We appreciate your trust and continued support as we work to expand access to higher education financing nationwide,” Mrs Oluwatuyi said.
PIAK