The University of Ibadan has confirmed receiving N201m from the Nigerian Education Loan Fund (NELFUND) to cover the fees of 1,370 students for the 2023/2024 academic session.

The university’s Registrar, G.O Salisu, announced in a circular that students who applied for the loans but had already paid their fees can now apply for a refund.

The Bursary Department is currently processing the fund to enable the concerned students to obtain smart receipts.

The NELFUND loan scheme is a flagship project of President Bola Tinubu’s administration, aimed at providing financial assistance to indigent or low-income Nigerians to pay their fees in Nigerian tertiary institutions. The scheme has recorded 7,975 student loan applications in just 24 hours.

The University of Ibadan has confirmed receiving N201m from the Nigerian Education Loan Fund (NELFUND) to cover the fees of 1,370 students for the 2023/2024 academic session.

The university’s Registrar, G.O Salisu, announced in a circular that students who applied for the loans but had already paid their fees can now apply for a refund.

The Bursary Department is currently processing the fund to enable the concerned students to obtain smart receipts.

The NELFUND loan scheme is a flagship project of President Bola Tinubu’s administration, aimed at providing financial assistance to indigent or low-income Nigerians to pay their fees in Nigerian tertiary institutions. The scheme has recorded 7,975 student loan applications in just 24 hours.