NELFUND confirms disbursement of N1.33bn to University of Lagos for 2025/2026 academic session

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The Nigerian Education Loan Fund (NELFUND) has announced the status of student loan disbursements to the University of Lagos (UNILAG) for the 2025/2026 academic session.

NELFUND confirms that a total sum of ₦1,326,550,000 was successfully disbursed to the University of Lagos on January 19, 2026, in line with the approved disbursement schedule for the 2025/2026 academic session.

This was contained in a statement by Mrs. Oseyemi Oluwatuyi, NELFUND’s Director, Strategic Communications.

This disbursement was made to cover 6,308 eligible UNILAG students who have met all requirements under the NELFUND student loan programme.

As is standard procedure, student beneficiary lists are generated through verified institutional data submitted during the application and validation process.

NELFUND reiterated that once disbursement has been made to an institution, students should be able to register and access classes without delays.

The Fund always engages with the appropriate officials of tertiary institutions to ensure:

1. Proper reconciliation of beneficiary student lists;
2. Timely application of disbursed funds to all eligible students’ accounts; and
3. Clear communication to students to prevent misinformation and avoidable distress.

Speaking on the matter, the Managing Director/Chief Executive of NELFUND, Mr Akintunde Sawyerr, reaffirmed the Fund’s commitment to transparency and student welfare.

“NELFUND remains fully committed to ensuring that approved student loan funds are disbursed promptly and applied appropriately. We are working closely with all partner institutions to resolve any administrative gaps and to ensure that no eligible student is disadvantaged.”

NELFUND urges students and stakeholders to rely on official communications from the Fund and their institutions and assures the public that necessary steps are being taken to resolve any matter swiftly. For further clarification, students are encouraged to contact their institution’s bursary or student affairs office, while NELFUND continues engagement with UNILAG to conclude reconciliation.