The Nigerian Education Loan Fund (NELFUND) has officially disbursed ₦1,475,305,300.00 to 6,076 beneficiaries at Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, as part of its ongoing efforts to enhance access to tertiary education through financial support.
This substantial funding marks a significant stride in NELFUND’s mission to expand educational opportunities for indigent students across Nigeria.
Institutional Acknowledgment
In a formal letter of acknowledgment, Mrs. Olayinka O. Balogun extended commendations on behalf of LAUTECH’s Vice Chancellor, Professor R. O. Rum Kalilu. She praised NELFUND’s efficiency, stating:
“We commend your efforts aimed at providing financial assistance to indigent students in alignment with the federal government goal of increasing access to higher education. This gesture, which has brought significant relief to our students, demonstrates your commitment to supporting tertiary education in Nigeria… efficient processing and disbursement of the funds… facilitated the payment of fees for the beneficiary… we appreciate your support for the academic skill enhancement of our students. Please accept the esteemed regards of the Vice Chancellor, Professor R. O. Rum Kalilu.”
Significance of this development
- Impact on Students: The disbursement will help hundreds of LAUTECH students settle tuition fees and concentrate on their academics—offering both financial relief and morale boost.
- Continuing Transparency: This update aligns with NELFUND’s pattern of daily or frequent disbursement updates, reinforcing transparency and responsiveness in its operations.
- Institutional Partnership: The commendation from LAUTECH leadership underscores a strong collaborative relationship in ensuring the funds reach those most in need.
About NELFUND
Created under the Student Loans (Access to Higher Education) Act of 2024, signed into law on April 3, 2024, NELFUND is mandated to provide interest-free tuition and upkeep loans to qualified students in Nigerian tertiary and vocational institutions.Wikipedia The fund manages both disbursement and repayment strategies, aiming to boost higher education accessibility and help bridge funding gaps.
Looking Ahead
- Applicants & Students: Prospective beneficiaries should continue to monitor NELFUND’s portal and their institutional dashboards for updates on application status and disbursements.
- Stakeholders: Educational institutions, students, and policymakers should see this as an indicator of steady progress toward equitable higher education.
- Public Trust: Regular disbursements, accompanied by institutional acknowledgments like this one, serve to build confidence in the effectiveness of the NELFUND programme.
Key Facts at a Glance
| Detail | Information |
| Amount Disbursed | ₦1,475,305,300.00 |
| Number of Beneficiaries | 6,076 students at LAUTECH |
| Date Announced | August 25, 2025 |
| Institution Recognizing Disbursement | LAUTECH (Via Mrs. Olayinka Balogun’s letter) |
| Strategic Objective | Increase access to higher education |
Conclusion
This development underscores NELFUND’s ongoing commitment to expanding educational financing across all regions of Nigeria. Ensuring that students in every state and institution — regardless of location or background have access to the support they need.
It highlights the fund’s determination to make higher education more affordable nationwide and galvanizes efforts to ensure that no qualified student is left behind.