NewStats: 3,265,043 , 8,185,429 topics. Date: Friday, 13 June 2025 at 09:04 AM 3u3g1g

The University of Ibadan has acknowledged the receipt of a total sum of N201,114,650 as school fees for 1,370 students for the 2023/2024 Academic session.

The money, which was paid directly into the University was for the students who applied for the student loan through the Nigerian Education Loan Fund (NELFUND) initiative of the federal government.

In a leaked viral memo from the registrar, Ganiyu Saliu to the Dean of Students’ Affairs, the institution assured that any student who is a beneficiary of the NELFUND loan and has already paid levies for the session fee is entitled to a refund.

It added that to apply for a refund, the student must write through the Dean of Students to the Deputy Vice-Chancellor, Academic, providing their details for the refund.

The memo which was sighted by The Nation was also confirmed by a source who pleaded not to be quoted.

“The Nigerian Education Loan Fund (NELFUND) has remitted the sum of Two Hundred and One Million, One Hundred and Fourteen Thousand, Six Hundred and Fifty Naira (N201,114,650.00) Only to the University for the 2023/2024 Academic Session.

“This amount is to cover the fees of One Thousand, Three Hundred and Seventy (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 details for the refund. A photocopy of the original payment receipt must be attached to each application.

“Please note that this information is applicable ONLY to students who applied for the NEL FUND loan, and whose applications were approved.”

When The Nation visited UI, the source who confirmed the memo said the lists of beneficiaries would be compiled by the Bursary Department so that students whose applications were approved by NELFUND would know themselves.

He described the situation as a good development for the sector, noting that it would boost the morale of many students in the Federal government through student loans.

https://thenationonlineng.net/student-loan-ui-receives-n201million-school-fees-for-1370-students/

This will not trend

Kudos to the FG. Some bitter people will not like this news, even though they have also applied for the loan and collected the money to pay their fees.

I don't see the sense in offering student loans to students in a country where the vast majority of graduates are without jobs. It just does not make sense of any kind.

yoruboid:
This will not trend

smiles

Tinubu still need to do a lot more to make his istration a success.

He must increase Nigeria electricity generating capacity to 10,000 minimum in his first 4 years.

Ensure herdsmen are cut to size with no room for killing in the middlebelt under guise of whatever name it can be called.

Exchange rate should come down to atleast ₦1000 if he can't return it back to the ₦700 he met it. Personally both Edu n Cardoso should be sacked cos they have not shown any attribute they can handle the ministry they were saddled with.

He should end oil thief n ensure the entire management both senior n junior staff of the NNPC is sacked if the refinery does not start producing refined product this August which they claim will start after several shifts with billions of dollars n not naira down the drain.

Large scale farming should be embraced n invested on vigorously like it a number one priority to ensure food security.

Kobojunkieee:
I don't see the sense in offering student loans to students on a country where the vast majority of graduates are without jobs. It just does not make sense of any kind..

Are you hoping for someone to graduate and 3 years after graduation don't have anything doing?
One of the key functions of education is teach the recepient productivity, someone who can't be productive in any form is not worth educating, the loan makes alot of sense.
Tuition fees were hiked, subsidies pulled out, this loan makes alot of sense.

Kobojunkieee:
I don't see the sense in offering student loans to students on a country where the vast majority of graduates are without jobs. It just does not make sense of any kind..

Those without jobs won’t pay back during their unemployment phase.

They’ll only start paying back when they have jobs or self employed to an extent.

This student loan is a great intervention. Parent will not have any excuse now to say they are not sending their sons/daughters to higher institution because of poverty.

Kobojunkieee:
I don't see the sense in offering student loans to students on a country where the vast majority of graduates are without jobs. It just does not make sense of any kind..

It means that you’ll prefer that indigent students should not further their studies, until they can afford to do so or until jobs are available.
You have forgotten that preparation always precede opportunities, because you cannot predict when and where opportunities will come knocking.

If you were one of those that spoke against this initiative and you apply for the student loan, the thunder that will strike you is still warming up.

Adblg0610:
It means that you’ll prefer that indigent students should not further their studies, until they can afford to do so or until jobs are available.
You have forgotten that preparation always precede opportunities, because you cannot predict when and where opportunities will come knocking.

That junkie poster is an enemy of progress and a big Obidient on Nairaland.

Tinubu has not done anything gang, is it not loan, is it not normal government work, etc. Witches and wizards.

Kobojunkieee:
I don't see the sense in offering student loans to students on a country where the vast majority of graduates are without jobs. It just does not make sense of any kind..

Na this mentality make Peter Obi no build any school.

Them don swear for una.

3ice9ce:


Na this mentality make Peter Obi no build any school.

Them don swear for una.

It seems you don't know Kobojunkie. He/She was chased away from family section. Even for religion section, na shim dey always talk heresies.

Person wey get choko for head. Me no dey follow am argue oo

I no even know if na man or woman. All I know be say na confirm werey.

I know say I be troublemaker but when I see KoboJ, I dey always gentle. The shim fit run you mental.

You go question your sanity I swear. Baba nla motherfckerr ni oo

Is 20k the student loan they are sharing or is there more to come cos I don't understand what 20k can do for anyone in this economy

look like a trap.
cause even after school.
one might tlbe restricted from travelling out with outstanding loan.

Nd the nature of jobs in nigeria wont allow for quick repayment

Satan doesn't give good gift .he remove subsidy,hike everything and give you loan .

allabig:
look like a trap.
cause even after school.
one might tlbe restricted from travelling out with outstanding loan.

Nd the nature of jobs in nigeria wont allow for quick repayment

Then don't apply for it. It's not by force.

Plenty diligent students will obtain the loan and graduate with a first class instead of not being able to afford an education.

b bb

Jaga!

What about trader money?
Good project like this does not last

Okay

That means each student gets 146'800

Some children of hate will not like good news like this.


All they wish for is that calamity befall them and their generation yet unborn.

As a student, the Hunger now is too painful. Money doesn't last due to inflation. Worse is, no parents or sponsors anywhere. I feel like abandoning this whole thing for now

Mschew

Giving N200 million to over 1000 students has now become a giant feat for agbad0rians to jubilate about abi?

Meanwhile, yahaya bello, just one man alone with one head on his shoulders stole a whooping N60 Billion naira and the same agbad0rians overlook it till today because he's an APC man

Kobojunkieee:
I don't see the sense in offering student loans to students on a country where the vast majority of graduates are without jobs. It just does not make sense of any kind..

Should we then tell all students to leave school and come to stay in your house because there won't be need to go to school since they won't get job? At least thank FG government for this one first, then; place your other complaint. If FG don't assist in this regards, won't students and parents find all means to pay?

Good one

Students, the first group of Nigerians who will vote for BAT come 2027

JagabanB:

Are you hoping for someone to graduate and 3 years after graduation don't have anything doing?
One of the key functions of education is teach the receipt productivity, someone who can't be productive in any form is not worth educating, the loan makes alot of sense.
Tuition fees were hiked, subsidies pulled out, this loan makes alot of sense.

Oga it doesn't work like that. There's what is called "enabling environment". They people protesting and crying of hunger do think they are all jobless? If there is an enabling environment, a lot of things will sort itself out.

Tap0lane:
Tinubu still to do a lot more to make his istration a success.

He must increase Nigeria electricity generating capacity to 10,000 minimum in his first 4 years.

Ensure herdsmen are cut to size with no room for killing in the middlebelt under guise of whatever name it can be called.

Exchange rate should come down to atleast ₦1000 if he can't return it back to the ₦700 he met it. Personally both Edu n Cardoso should be sacked cid they have no show any attribute they can handle the ministry they were saddled with.

Hr should end oil thief n ensure the entire management both senior n junior staff of the NNPC is sacked if the refinery does not start producing refined product this August which they claim to start after several shift with billions of dollars n not naira down the drain.

Large scale farming should be embraced invested on vigorously like it a number one priority to ensure food security.

A very sincere and unbiased post I've read here in a while. You clear thought true what you wrote in fact you spoke my mind

K