Education

Delay Loan Disbursement: NELFUND urges institutions to speed up verification process

By Clifford Ejenavi To further demonstrate its unwavering commitment to serving the beneficiaries of the student loan programme better, the Nigerian Education Loan Fund (NELFUND) has urged tertiary institutions to improve on their turnaround time for the verification and approval of successfully completed and submitted applications to avoid unnecessary delay in loan disbursement to the…

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By Clifford Ejenavi

To further demonstrate its unwavering commitment to serving the beneficiaries of the student loan programme better, the Nigerian Education Loan Fund (NELFUND) has urged tertiary institutions to improve on their turnaround time for the verification and approval of successfully completed and submitted applications to avoid unnecessary delay in loan disbursement to the students.

In a press release signed on Wednesday September 3, 2025 in Abuja by the Director, Strategic Communications, NELFUND, Mrs. Oseyemi Oluwatuyi, said this plea became necessary as NELFUND is inundated with complaints from prospective beneficiaries expressing worries that delay in the verification of their applications by the institutions, a critical requirement for the loan application process, is causing delay for many of them receiving their institutional fees and upkeep allowance from NELFUND.

According to the release, 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.

In a new development, the office of NELFUND has been relocated to its permanent headquarters.

“Effective September 5, 2025, all official correspondence, visits, and enquiries will now be directed to: House 12, Plot 103/104, Monrovia Street, Wuse 2, Opposite Bon Hotel, Abuja, Federal Capital Territory, Nigeria.

“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,” the release said.

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