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The Nigerian Education Loan Fund (NELFUND) has urged tertiary institutions to improve their turnaround time for verification and approval of successfully completed and submitted loan applications.
According to NELFUND, this will help to avoid unnecessary delay in loan disbursement to qualified students.
“We appreciate your trust and continued support as we work to expand access to higher education financing nationwide,” Oseyemi Oluwatuyi, Director, Strategic Communications, said in a statement.
According to her, the plea became necessary following complaints from prospective beneficiaries over the delay in the verification of their applications by the institutions. “This plea becomes necessary as NELFUND is inundated with complaints from prospective beneficiaries expressing worries about the delay in the verification of their applications by the institutions.”
She stated that institutional verification is a critical requirement for the loan application process, which is currently causing delays for many of the applicants in receiving their institutional fees and upkeep allowance from NELFUND.
According to her, the Fund believes that loan beneficiaries would have no issues getting their fees as at when due, if institutions prioritise timely verification and approval of successfully completed and submitted applications.
Read also: NELFUND reiterates commitment to transparent, efficient students’ loan scheme
In a related development aimed to further boost organisational efficiency, the Office of the Nigerian Education Loan Fund (NELFUND) has been relocated to the Fund’s new permanent headquarters.
Oluwatuyi stated that 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.”
