The Nigerian Education Loan Fund (NELFUND) has announced a final reopening of its student loan application portal to allow tertiary institutions that have not completed their verification process to do so.
This was disclosed in a statement released in Abuja on Friday by the Fund’s Director of Strategic Communications, Oseyemi Oluwatuyi.
According to Oluwatuyi, the portal will be open from 12:00 a.m. on Sunday, October 12, until 12:00 a.m. on Tuesday, October 14.
She explained that the decision was aimed at ensuring that all eligible students are properly verified by their respective institutions as part of the ongoing 2024/2025 academic year loan process.
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“Institutions are strongly advised to make full use of this final opportunity,” she said.
Oluwatuyi warned that any institution that fails to complete the verification exercise within the specified timeframe would lose the chance to participate in the current loan cycle.
“Failure to complete the verification process within the stipulated period will result in the affected institutions forfeiting participation in the current loan cycle. A situation that will regrettably disadvantage their students who are the ultimate beneficiaries of the loan scheme,” she added.
She further stated that, in the spirit of transparency and accountability, the Fund would publish the names of institutions that fail to comply.
Oluwatuyi reaffirmed NELFUND’s commitment to promoting equitable access to higher education through transparent, efficient, and inclusive management of the loan programme.
