The Nigerian Education Loan Fund (NELFUND) has urged tertiary institutions to speed up the verification process for beneficiaries of the loan scheme.
In a statement by its Director, Strategic Communications, Mrs. Oseyemi Oluwatuyi, the agency said the slow verification process was causing delays in loan disbursement to beneficiaries.
The statement reads: “The Nigerian Education Loan Fund (NELFUND), in yet a further demonstration of its unwavering commitment to serving the beneficiaries of the student loan programme better, has called on tertiary institutions to improve on their turnaround time for the verification and approval of completed and submitted applications to avoid unnecessary delay in loan disbursement to the students.
“This plea becomes necessary as NELFUND is inundated with complaints from prospective beneficiaries expressing worries that the 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 in receiving their institutional fees and upkeep allowance from NELFUND.
“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 when due.”
Also, the agency said it had moved to a new 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 statement added.
By Frank Ikpefan,
