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NELFUND Explains Why South-East Students Missed Out On Federal Loan
The Nigerian Education Loan Fund (NELFUND) has clarified why students from South-East institutions have not yet benefited from the federal government’s student loan program. On Friday, NELFUND reported the disbursement of ₦2.95 billion to 27,667 students across 19 universities nationwide.
However, none of the federal institutions in the South-East were included on the list of beneficiaries, sparking criticism from the region’s residents on social media.
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EKO HOT BLOG reports that in response, NELFUND explained that no federal institutions in the South-East complied with the required directives for students to access the loan. The organization emphasized that geopolitical factors did not influence the disbursement process.
NELFUND urged stakeholders in the South-East to collaborate with their institutions’ authorities to complete the necessary verification process, enabling their students to benefit from the loan program.
NELFUND South-East Students Loan
The statement read: “Geopolitical zones are not a consideration in the loan disbursement process. We sent a verification list to all eligible institutions, and payments are being made to those that have responded.
“Unfortunately, we have not received any response from South-East institutions. We encourage them to complete the verification so their students can access the loan.”
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Benefiting institutions include the University of Maiduguri, University of Ibadan, Obafemi Awolowo University, Federal Polytechnic Ilaro, and Federal College of Education Technical Gusau, among others.
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