July 10, 2024

Loan: NELFUND onboards additional 12 state institutions


…as NANS sets deadline for compliance

By Joseph Erunke, Abuja

The Management of Nigerian Education Loan Fund, NELFUND, has announced onboarding of 12 additional state-run tertiary institutions to its students loan application portal.

The development came on the heels of threat by the National Association of Nigerian Students, NANS, to take action against schools that are yet to send their students’ data to the nation’s students loan scheme agency.

NANS President, Lucky Emonefe, who released the full list of states’ tertiary institutions yet to send their students’ data to NELFUND, on Wednesday, gave the defaulting institutions a 12-hour ultimatum to comply, failure of which he threatened action against them.

But few hours after, NElFUND management said it had onboarded additional 12 state institutions, bringing the total number of institutions onboarded to 48.

“The Management of Nigerian Education Loan Fund (NELFUND) is delighted to announce the onboarding of an additional twelve (12) state government-owned tertiary institutions to the student loan application portal.

“This expansion comes following the successful submission and verification of data completeness and accuracy required from the institutions.

“With this latest addition, the total number of participating state government-owned tertiary institutions has now increased from the initial 36 announced earlier to 48. Students data from 121 institutions is outstanding, “the fund said in a statement by Nasir Ayitogo , its Head, Media and Public Relations.

Ayitogo added:” Whilst paying a courtesy call on His Excellency the Governor of Osun State in Oshogbo on Tuesday, NELFUND Managing Director, Mr Akintunde Sawyerr expressed his immense gratitude to all who have submitted their data so far, and gave special recognition to the Governor His Excellency, Senator Ademola Jackson Nurudeen Adeleke for his exemplary leadership in this regard.

“The Fund urges all institutions that are yet to submit their students data to the Student Verification Portal (SVS) of the fund to kindly do so to enable their students benefit from the scheme.

“It also urges states whose data has been captured and successfully uploaded to urgently sensitise their students to apply, thereby bringing succour to  students who are struggling financially whilst also bringing guaranteed revenue to the institutions.

“Students from the following state government-owned tertiary institutions can now visit to apply for the loan. “