LAUTECH reaffirms strong collaboration with NELFUND, clarifies loan disbursement status
pannigeriannews
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The Ladoke Akintola University of Technology (LAUTECH), Ogbomoso has reaffirmed its strong partnership with the Nigerian Education Loan Fund (NELFUND).
The institution addressed a recent media interpretations regarding student loan disbursements.
In an update by the University’s Registrar, Mrs. Olayinka Balogun, the institution clarified that it maintains a cordial and productive relationship with NELFUND and remains appreciative of the Fund’s support to students.
According to the update, over ₦1.4 billion was successfully disbursed to LAUTECH students in 2025, significantly easing financial burdens and improving access to education.
The University explained that during its pre-convocation press briefing, it provided updates on the ongoing application cycle for the loan scheme.
It noted that about 19,000 students applied for the programme, with more than 15,000 applications already verified in line with due procedures.
Providing further clarification, LAUTECH disclosed that within the 2025/2026 academic session, a total of 5,237 students have been approved and are currently awaiting disbursement, while other verified applications remain at various stages of processing.
The management, however, expressed concern that parts of the briefing were misinterpreted in some quarters, creating the impression that NELFUND was either unwilling or unable to release funds.
“It is important to state clearly that this is not the case,” the statement read, stressing that at no time did the University claim any reluctance or failure on the part of NELFUND.
The institution emphasised that its intention was to highlight progress made so far and to reassure stakeholders that the disbursement process remains ongoing and on track.
LAUTECH reiterated its commitment to sustaining its partnership with NELFUND and other stakeholders to ensure students continue to receive the financial support needed to achieve their academic aspirations.
The University also expressed appreciation for NELFUND’s continued cooperation and reaffirmed its confidence in the loan scheme.
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