More state-owned tertiary institutions submit student loan data to NELFUND

More state-owned tertiary institutions submit student loan data to NELFUND

Twelve state-owned tertiary institutions have uploaded the data of their students to the student loan application portal, the Nigerian Education Loan Fund (NELFUND) has said.

In a statement by the Head of Media and Public Relations, NELFUND, Nasir Ayitogo, the organisation said the expansion came following the successful submission and verification of data completeness and accuracy required from the institutions.

On Monday, 36 state-owned tertiary institutions joined the scheme after successfully uploading the data of their students to the NELFUND Student Verification System (SVS).

“With this latest addition, the total number of participating state government-owned tertiary institutions has now increased from the initial 36 announced earlier to 48. Students data from 121 institutions is outstanding,” the statement said.

It added: “Whilst paying a courtesy call on His Excellency the Governor of Osun State in Oshogbo on Tuesday, NELFUND Managing Director, Mr Akintunde Sawyerr expressed his immense gratitude to all who have submitted their data so far, and gave special recognition to the Governor His Excellency, Senator Ademola Jackson Nurudeen Adeleke for his exemplary leadership in this regard.

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“The Fund urges all institutions that are yet to submit their students’ data to the Student Verification Portal (SVS) of the fund to kindly do so to enable their students benefit from the scheme.

“It also urges states whose data has been captured and successfully uploaded to urgently sensitise their students to apply, thereby bringing succour to students who are struggling financially whilst also bringing guaranteed revenue to the institutions.

“Students from the following state government-owned tertiary institutions can now visit www.nelf.gov.ng to apply for the loan.”

The twelve institutions included: Abia State Polytechnic; Benue State University, Makurdi; College of Education, Waka-Biu; University of Medical and Applied Sciences Enugu State; Aliko Dangote University of science and Technology Wudil, Kano State; Kwara Polytechnic; Lagos State University of Science and Technology; Ibrahim Badamasi Babangida University Lapai, Niger State; Olabisi Onabanjo University; Abraham Adesanya Polytechnic; Taraba State Polytechnic and Yobe State University.

No fewer than 1.2 million students are expected to benefit from this initiative which will be funded with one per cent of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS).

The president approved N35 billion for the scheme’s take-off.

According to the law, repayment will begin two years after the National Youth Service Corps (NYSC) programme.

More state-owned tertiary institutions submit student loan data to NELFUND