South-east not excluded from student loan – NELFUND

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The Nigerian Education Loan Fund (NELFUND) has clarified that the disbursement of its funds is not influenced by geopolitical zones.

This statement comes in response to concerns raised after NELFUND announced the release of N2.94 billion to 19 universities for the benefit of 27,667 students.

Criticism emerged when the list of beneficiary institutions was made public, revealing that no universities from the South-East and South-South regions were included.

NELFUND reassured the public that the exclusion was not intentional and emphasized that all regions are eligible for future disbursements.

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In a statement shared via its verified X handle (@nelfund), the agency stated that geopolitical zones did not impact its fund distribution process.

It read, “It’s important to clarify that geopolitical zones are not a factor in the disbursement process. NELFUND sent a verification list to every institution eligible for disbursement. Payments are being made to institutions that have responded to this verification.

“Unfortunately, we have not yet received any response from the institutions in the South-East. We urge these institutions to complete the verification process so that their students can benefit from the scheme.”