Scholars from incorrect fewer than 23 folk universities and polytechnics have lamented the behind schedule disbursement in their authorized institutional loans from the Nigerian Schooling Mortgage Treasure as time limits for tuition fee and examinations draw close.
President Bola Tinubu signed the Scholars Mortgage (Get entry to to Upper Schooling) (Repeal and Re-enactment) Office into regulation on April 3, 2024, to grant sustainable upper training investment for Nigerian scholars.
Because the Treasure’s graduation, a number of scholars throughout tertiary establishments have benefited. As of February 3, 2025, NELFUND reported receiving 364,042 scholar mortgage packages and disbursing N20,074,050,000 for institutional charges, reaping benefits 192,906 scholars.
Any other N12,818,960,000 used to be allotted to 169,114 scholars, with every receiving a N20,000 per month stipend for maintenance.
Alternatively, in line with NELFUND’s verified posts on X right through the past, scholars from a number of establishments—together with the College of Nigeria Nsukka; Obafemi Awolowo College; Federal College, Lokoja; Ladoke Akintola College; and others in Northern Nigeria—expressed frustration over the non-disbursement in their authorized loans.
Many lamented that their college portals had been last in an issue of days, with examinations rapid drawing near.
On Saturday, Musty Jr (@JrMusty58254) wrote, “I am a University of Maiduguri student. I applied and was verified since August, yet I have received nothing from this initiative. Please, do something for us before next Wednesday. I am in serious financial crisis!”
In a similar fashion, Orji Oyidiya Chukwu (@OyidiyaOrji) raised issues on Sunday, tweeting, “@NELFUND, my brother hasn’t received either the upkeep money or the institutional fees, and his school (UNIZIK) is closing its portal on Friday, February 14. Please, help!”
Via Monday, extra scholars voiced their grievances. Stephen Ayobami from the Federal College, Lokoja, Kogi, wrote, “@NELFUND, please take note us. We carried out since Might endmost age and feature been verified, however there’s been incorrect benevolence or disbursement.
“Many students are stranded—our school portal is closing this week, and exams start on the 10th of next month!”
At Aliko Dangote College of Science and Generation, Wudil, Kano, the Scholars’ Union Community Members of the family Officer, Muhammad Nura, issued a round on Tuesday, pronouncing that failure to pay tuition charges prior to the cut-off date may just reason vile problems for college students.
Confirming the non-disbursement, Abba Yusuf from the similar establishment wrote, “Why haven’t you disbursed funds for Aliko Dangote University students? Both upkeep and institutional fees remain unpaid. We have been verified since August 2024, yet not a single payment has been made!”
In a similar fashion, Bryan (@Chime69.23h), a scholar of the College of Nigeria, Nsukka, said, “I have been verified since June 2024, yet I haven’t received any disbursement—neither institutional fees nor upkeep. My school has started a new academic session, and I have to pay my fees!”
Some Polytechnic scholars additionally raised issues. Oladiran Kayode identified that a number of scholars of The Polytechnic, Ibadan, had but to obtain each their institutional and maintenance loans.
In the meantime, Kolapo James Ayomi (@kolapojames01) from LAUTECH lamented, “Tests and exams have begun, yet without paying our tuition fees, we can’t register our courses!”
Talking with Saturday PUNCH, a NELFUND legit, who asked anonymity because of a deficit of authorisation to talk at the topic, blamed faculties for the lengthen in tuition charge disbursements.
The supply mentioned, “Maximum instances, those problems don’t originate from us. When we approve the bills, we ship the scholars’ information again to the universities for verification.
“The schools are then required to confirm the validity of the students and the tuition fees before we proceed. However, many institutions fail to respond promptly. We have to keep sending emails and reminders.”