NELFUND: Students Lament Loan Delays Amid Exam Anxiety
Understudies from no less than 23 state funded colleges and polytechnics have bemoaned the deferred dispensing of their supported institutional credits from the Nigerian Training Advance Asset as cutoff times for educational cost installment and assessments move close.
President Bola Tinubu marked the Understudies Credit (Admittance to Advanced education) (Nullification and Re-authorization) Act into regulation on April 3, 2024, to give feasible advanced education financing to Nigerian understudies.
Since the Asset’s beginning, a few understudies across tertiary establishments have benefited. As of February 3, 2025, NELFUND revealed getting 364,042 understudy loan applications and dispensing N20,074,050,000 for institutional charges, helping 192,906 understudies.
One more N12,818,960,000 was designated to 169,114 understudies, with each getting a N20,000 month to month payment for upkeep.
Notwithstanding, because of NELFUND’s checked posts on X during the week, understudies from a few establishments — including the College of Nigeria Nsukka; Obafemi Awolowo College; Government College, Lokoja; Ladoke Akintola College; and others in Northern Nigeria — communicated dissatisfaction over the non-payment of their endorsed credits.
Many bemoaned that their school entrances were shutting very quickly, with assessments quick drawing closer.
On Saturday, Stale smelling Jr (@JrMusty58254) expressed, “I’m a College of Maiduguri understudy. I applied and was checked since August, yet I have gotten nothing from this drive. Kindly, work on something for us before next Wednesday. I’m in serious monetary emergency!”
Essentially, Orji Oyidiya Chukwu (@OyidiyaOrji) raised worries on Sunday, tweeting, “@NELFUND, my sibling hasn’t gotten either the upkeep cash or the institutional expenses, and his school (UNIZIK) is shutting its gateway on Friday, February 14. If it’s not too much trouble, help!”
By Monday, more understudies voiced their complaints. Stephen Ayobami from the Government College, Lokoja, Kogi, expressed, “@NELFUND, kindly recollect us. We applied since May last year and have been checked, however there’s been no endorsement or payment.
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“Numerous understudies are abandoned — our school entry is shutting this week, and tests start on the tenth of the following month!”
At Aliko Dangote College of Science and Innovation, Wudil, Kano, the Understudies’ Association Advertising Official, Muhammad Nura, gave a round on Tuesday, saying that inability to pay educational expenses in short order could cause serious issues for understudies.
Affirming the non-dispensing, Abba Yusuf from a similar foundation stated, “Why haven’t you dispensed assets for Aliko Dangote College understudies? Both upkeep and institutional expenses stay neglected. We have been confirmed since August 2024, yet not a solitary installment has been made!”
Likewise, Bryan (@Chime69.23h), an understudy of the College of Nigeria, Nsukka, expressed, “I have been confirmed since June 2024, yet I haven’t gotten any dispensing — neither institutional charges nor upkeep. My school has begun another scholarly meeting, and I need to pay my charges!”
Some Polytechnic understudies likewise raised concerns. Oladiran Kayode called attention to that few understudies of The Polytechnic, Ibadan, still couldn’t seem to get both their institutional and upkeep credits.
In the mean time, Kolapo James Ayomi (@kolapojames01) from LAUTECH deplored, “Tests and tests have started, yet without paying our educational expenses, we can’t enroll our courses!”
Talking with Saturday PUNCH, a NELFUND official, who mentioned namelessness because of an absence of authorisation to talk regarding this situation, faulted schools for the postpone in educational expense distributions.
The source said, “Most times, these issues don’t begin from us. When we endorse the installments, we send the understudies’ information back to the schools for check.
“The schools are then expected to affirm the legitimacy of the understudies and the educational expenses before we continue. Be that as it may, numerous establishments neglect to expeditiously answer. We need to continue to send messages and updates.
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