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.