The University of Ibadan (UI) says it has received the sum of N201,114,650 from the Nigerian Education Loan Fund (NELFUND).
The University of Ibadan says it has received the sum of N201,114,650 from the Nigerian Education Loan Fund .She said the funds cover 1,370 students of the institution who sought student loans for the 2023/2024 academic session.
An internal memo, dated August 9, also confirmed that the money was paid into the institution’s account.The memo, signed by the institution’s registrar Ganiyu Saliu and addressed to the dean of students, said that the bursary department is processing the fund.The registrar said the funding is for only those whose application for the NELFUND loan was approved.
“To apply for a refund, the student must write through the dean of students to the deputy vice-chancellor of academics, providing their account details for the refund.President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students.
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