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NELFUND breaks financial barrier to tertiary education – UDUS Alumni

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The Alumni Association, Usmanu Danfodiyo University (UDUS) has commended President Bola Tinubu for establishing the Nigerian Education Loan Fund (NELFUND) also known as Students Loan Fund.

The association’s National President, Mr Buhari Kware, made the commendation at the Annual Reunion and Awards 2024 organised by UDUS Alumni Association (UDUSAA), in Lagos on Sunday night.

Kware said that the NELFUND was breaking barriers in tertiary education and saving lives.

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The News Agency of Nigeria (NAN) reports that President Bola Tinubu on July 2024 launched the Nigerian Education Loan Fund (NELFund) in the council chamber of the State House.

Kware described the scheme as a “saving grace”, saying it had gone a long way in supporting students in furthering their education with ease.

He added that it had also broken the financial barriers in approaching higher education in the country.

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“I urge the Federal Government to sustain this remarkable programme. It is the best any government can do to improve human capacity in the country,” the UDUSAA national president said.

He acknowledged the ongoing challenge of funding in federal institutions and acknowledged that the loan scheme was a significant step forward.

“Well, it is a remarkable effort and has given a solution to an age-long problem of funding education because previously, those that cannot fund their education will have to go home and abandon the issue of pursuing education.

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“However, with this scheme, you know, the underprivileged people of the society can now afford to pursue higher education and that has alleviated the sufferings of both the students and their parents.

“So it is a great idea and a very laudable idea. I would say kudos to the president of the Federal Republic of Nigeria for initiating that very laudable programme,” he said.

Kware, therefore, encouraged students to take advantage of the scheme to upgrade their academic career, while they used the loan wisely.

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Speaking on the reunion, Kware said he was excited about the programme, adding that it showed that the alumni were proud of the university and wanted to improve its situation.

He noted that through the reunion, members had been able to contribute their time, energies and resources for the improvement of the university.

In his opening remark, the association’s Chairman, Lagos State Chapter, Mr Ganiu Lawal, said the programme was organised as part of activities to reconnect with the institution and with friends and schoolmates.

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“Some of us left school about 30 years, 20 years, we have people who even left the institution about 40 years, 50 years ago and then the basic thing is that we want to give back to our school.

“We, as a body have been observing events for over 10 years, before coming together as an alumni association and deciding to do the best for ourselves and for the university.

“The idea and significance of this gathering is to remind us of the positive impact of this great institution to our lives which have also made us who we are today and we will always be proud products of UDUS,” Lawal added.

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The chairman noted that the association’s award to deserving members and distinguished lecturers was part of measures to appreciate their contributions towards the development of the association and the institution.

 

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Education

NELFUND Begins Upkeep Payments to Over 3,600 Students After Bank Detail Update

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NELFUND Disburses Over N20bn in Student Loans, Assures Transparency

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep payments to students who successfully updated their bank account details from digital wallets to commercial bank accounts.

This was announced in a statement released on Friday in Abuja by the Director of Strategic Communications of the Fund, Mrs. Oseyemi Oluwatuyi.

Oluwatuyi described the development as a significant breakthrough in addressing earlier disbursement delays.

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“Over 3,600 students, who previously registered with digital-only banking platforms, have now successfully received their backlog of upkeep payments after updating their details to conventional commercial bank accounts on the NELFUND portal,” she stated.

“We appreciate the patience and understanding of all affected students during this period. Your resilience and cooperation have made this progress possible,” she added.

The NELFUND spokesperson advised students who have yet to update their bank details to raise a support ticket via the official NELFUND portal to request access for the update.

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She further urged affected students to report through the IT office of their respective institutions, which would compile and forward all related cases to NELFUND for prompt resolution.

“NELFUND remains committed to ensuring that no eligible student is left behind. This resolution process is part of our broader effort to enhance the efficiency, transparency, and student-centered delivery of our support services,” she said.

Oluwatuyi encouraged students to continue engaging only through official NELFUND channels and to assist their peers who may need help navigating the update process.

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She also provided contact options for inquiries, stating that the fund can be reached via email at info@nelf.gov.ng or through its official social media handles: X (formerly Twitter) @nelfund; Instagram @nelfund; and Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND.

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Education

NELFUND Urges Institutions to Upload Student Data for Loan Processing

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NELFUND Disburses Over N20bn in Student Loans, Assures Transparency

The Nigerian Education Loan Fund (NELFUND) has issued a directive to all accredited tertiary institutions to verify and upload their students’ data on the newly digitised Student Loan Application System (SLAS).

This was disclosed in a statement released in Abuja on Wednesday by the Director of Strategic Communications at NELFUND, Mrs Oseyemi Oluwatuyi.

According to Oluwatuyi, the SLAS platform has been fully digitised to streamline and accelerate the student loan processing experience for both institutions and applicants.

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“With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications,” she said.

She described the move as “a critical step that ensures the timely processing and disbursement of approved student loans.”

Institutions that have not yet been onboarded onto the system, she said, are advised to send an access request to registration@nelf.gov.ng without delay.

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“Once granted access, institutions will be able to view a real-time dashboard of their students’ loan applications, verify submitted data, and track the status of each application,” Oluwatuyi explained.

She called on all institutions to take immediate action in the interest of their students, stressing that verification and data upload by institutions are mandatory steps before final approval and disbursement of loans can be completed.

On the students’ side, Oluwatuyi noted that if an application status currently shows “Verified,” it means the application has passed initial checks. However, final approval and disbursement depend on the institutions’ confirmation and data upload.

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“Once this process is completed, your status will be updated to ‘Disbursed’ when the payment of your fees has been processed,” she added.

She also encouraged students to reach out to the fund for assistance via email at info@nelf.gov.ng.

Other official communication channels include:

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  • X (formerly Twitter): @nelfund

  • Instagram: @nelfund

  • Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND

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Education

NUC grants ESUT full accreditation for Law, 7 other programmes

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The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.

According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.

Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.

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Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.

Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.

He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.

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He said the session also empowers the NUC to accredit such programmes.

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