News Agency of Nigeria
NELFUND resumes upkeep disbursements to students

NELFUND resumes upkeep disbursements to students

2,648 total views today

By Funmilayo Adeyemi

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep to students that have updated their bank accounts from digital wallet platforms to commercial banks.

This is contained in a statement in Abuja on Friday by the Director, Strategic Communications of the Fund, Mrs Oseyemi Oluwatuyi.

According to Oluwatuyi, this development marks a significant breakthrough in resolving earlier disbursement delays.

“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.

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

Oluwatuyi advised students yet to update their bank details to raise a support ticket via the official NELFUND portal to request access for updating their bank details.

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

Oluwatuyi urged all students to continue engaging only through official NELFUND channels, and to assist peers who may require help navigating the update process.

She said that the fund can be reached through its email at info@nelf.gov.ng or its official social media platforms.

The platforms are X @nelfund; Instagram @nelfund; and Facebook & LinkedIn: Nigerian Education Loan Fund– NELFUND.(NAN)

Edited by Ismail Abdulaziz

Beware of fake loan portal, NELFUND alerts students

Beware of fake loan portal, NELFUND alerts students

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By Funmilayo Adeyemi

The Nigerian Education Loan Fund (NELFUND) has warned students to be cautious of a fake portal with fraudulent messages currently circulating online.

This is contained in a statement in Abuja on Monday by the fund’s Director of  Strategic Communications, Mrs Oseyemi Oluwatuyi.

Oluwatuyi said the information contained in the online messages were misleading.

“The attention of NELFUND has been drawn to a fraudulent message currently circulating online, falsely claiming that President Bola Tinubu has directed the reopening of the NELFUND Student Loan portal

“The portal is with a link to a fake website: https://nelfund-student-loan-2025.po-rt-al.com/NELFUND/

“We wish to categorically state that this website is FAKE, and the information contained in the message is false and misleading.

“The only official portal for the NELFUND Student Loan Application is: https://nelf.gov.ng, ” she said.

She urged the general public, especially students, parents, and guardians, to avoid clicking on unverified links and to never submit personal or financial information on suspicious websites.

She pledged NELFUND’s commitment to transparency, safety, and fairness in the loan application process adding that the Fund would always make announcements through its verified platforms.

She, however, appealed to students to report any suspicious messages or websites to the Fund via email at info@nelf.gov.ng.

Oluwatuyi also advised students to reach out through its official social media platforms: ‘X’ (formerly Twitter): @nelfund, Instagram: @nelfund, and Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND. (NAN)

Edited by Sadiya Hamza

NELFUND to disburse N90bn in tuition, stipends- MD

NELFUND to disburse N90bn in tuition, stipends- MD

1,197 total views today

By EricJames Ochigbo

The Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr, has announced the fund’s commitment to disbursing 90 billion naira for student’s tuition and stipends.

Sawyerr said this at a meeting with the House of Representatives Committee on Student Loans, Scholarships, and Higher Education Financing on Wednesday in Abuja.

He noted that the fund has received over 350,000 applications and has so far disbursed more than N10 billion.

According to him, the fund is inclusive, ensuring that every Nigerian, regardless of location or background, has access to the education they deserve.

Sawyerr emphasised that NELFUND is an institution designed to provide relief, particularly in these challenging economic times, aligning with President Bola Tinubu’s Renewed Hope Agenda.

He stated that the fund offers not just immediate palliative relief but a long-term solution aimed at fostering stability and growth in Nigeria.

“Applications are coming in at an average of over 1,000 per day, and we are making special provisions for students with disabilities.

“We are also focused on addressing barriers to girl-child education, recognising that denying girls the opportunity for further education denies the nation the chance to benefit from their leadership potential.

“With 70 per cent of our population under the age of 35, failing to provide education for this segment exposes Nigeria to a future fraught with instability and violence, this intervention by President Tinubu could not have come at a better time”.

Sawyerr further stated that deliberate efforts are being made to proactively reach out to regions that feel left behind, particularly the South East.

He noted that following multiple rounds of sensitisation in local communities, there has been significant progress with a surge in applications.

He reiterated NELFUND’s commitment to working closely with the committee to achieve its goals.

“This collaboration is crucial in shaping a student loan system that truly serves the interests of all Nigerians.

“As we continue to work together, let us remember that our collective goal is the betterment of Nigeria and its youth.

“By ensuring education remains accessible and equitable, we are securing the future of millions of young Nigerians and building a stronger, more prosperous nation”.

In his remarks, the Chairman of the Committee, Rep. Gboyega Isiaka (APC-Oyo), described NELFUND as a critical agency.

He noted that the fund is about creating a future where every Nigerian youth has the opportunity to realise their potential and contribute to national development.

Isiaka expressed concerns about the management’s capacity to handle the fund, given its potential.

“As we proceed with proper oversight of this institution, we will focus on several key issues. For instance, we need to be able to ask ourselves: Where will NELFUND be in the next three to five years?

“How will it achieve its goals, and what challenges need to be addressed to get there?” he said.

Isiaka reaffirmed the committee’s commitment to ensuring accountability and transparency, pledging to work within the law to meet the aspirations of Nigerians, especially the youth. (NAN) www.nannews.ng

Edited by Tosin Kolade

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