University of Ibadan Receives N201m from NELFUND, Enabling 1,370 Students Secure Loan

The University of Ibadan has confirmed the receipt of N201 million from the Nigerian Education Loan Fund (NELFUND) for the 2023/2024 academic session. This fund will cover the fees of 1,370 students who applied for the NELFUND loan, providing essential financial support for their educational pursuits.

This was made known in a circular issued by University Registrar G.O Salisu on August 9, 2024, and addressed to the Office of the Dean of Student Affairs, the University of Ibadan.

The circular revealed that students who applied for the loans but had earlier paid their fees can now apply for a refund.

It reads, “The Nigerian Education Loan Fund has remitted the sum of N201m only to the university account for the 2023/2024 academic session. This amount is to cover the fees of 1,370 students of our university who applied for the NELFUND loan.

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

“Any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund. To apply for a refund, the student must write through the Dean of Students to the Deputy Vice-Chancellor, Academic, providing their account details for the refund. A photocopy of the original payment receipt must be attached to each application.”