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NELFUND gives 12 more institutions access to Student Loan

The Nigerian Education Loan Fund (NELFUND) has added twelve more state government-owned tertiary institutions to its student loan application portal, increasing the total number of participating institutions from 36 to 48.

This significant expansion follows the successful submission and verification of necessary data by these institutions.

Nasir Ayitogo, Head of Media and Public Relations at NELFUND, shared the news in a statement posted on X, highlighting that the total number of outstanding student data submissions now stands at 121 institutions.

During a visit to Osun State’s Governor Ademola Jackson Nurudeen Adeleke, NELFUND Managing Director Akintunde Sawyerr expressed gratitude to those who have already submitted their data. Sawyerr praised the governor for his leadership in facilitating this progress.

NELFUND urges institutions yet to submit their student data to the Student Verification Portal (SVS) to do so promptly, allowing their students to benefit from the loan scheme.

The fund also calls on states with uploaded data to inform their students about the application process, which can alleviate financial struggles for students and ensure steady revenue for the institutions.

Students from the newly onboarded institutions can now apply for the loan at http://nelf.gov.ng.

The new institutions include: Abia State Polytechnic, Benue State University, Makurdi, College of Education, Waka-Biu, University of Medical and Applied Sciences, Enugu State, Aliko Dangote University of Science and Technology, Wudil, Kano State, Kwara Polytechnic, Lagos State University of Science and Technology, Ibrahim Badamasi Babangida University, Lapai, Niger State, Olabisi Onabanjo University, Abraham Adesanya Polytechnic, Taraba State Polytechnic and Yobe State University.

Previously available state-owned institutions include: Adamawa State University, Mubi, Ramat Polytechnic, Maiduguri, Borno State University, Mohammet Lawan College of Agriculture, Borno State, Edo State University, Uzairue, Ekiti State University, Ado-Ekiti, Gombe State University, Kingsley Ozumba Mbadiwe University, Imo State.

Others are; Imo State University of Agriculture and Environmental Sciences, Umuagwo, Nuhu Bamalli Polytechnic, Zaria, Yusuf Maitama Sule University, Kano, Umaru Musa Yar’adua University, Katsina, Katsina State Institute of Technology and Management, Kebbi State University of Science and Technology, Aliero, Confluence University of Science and Technology, Kogi State, Lagos State University of Education, Lagos State University (LASU).

Also included is; Nasarawa State University, Keffi, Tai Solarin University of Education, Ogun State, University of Medical Sciences, Ondo, Osun State University, University of Ilesa, Osun State, GTC, Ara, Osun State, GTC, Gbongan, Osun State, GTC, Ijebu-Jesa, Osun State, GTC, Ile-Ife, Osun State, GTC, Inisa, Osun State, GTC, Iwo, Osun State, GTC, Osu, Osun State, GTC, Otan Ayegbaju, Osun State, Osun State College of Education, Ila-Orangun, Government Technical College, Ile-Ife, Osun State College of Technology, Taraba State University, Jalingo, Umar Suleiman College of Education, Gashua, Yobe State and Zamfara State University, Talata Mafara.

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Education

JAMB unveils highest scorers in 2024 UTME

The Joint Admissions and Matriculations Board (JAMB) on Thursday unveiled the candidates who scored the highest marks in the 2024 Unified Tertiary Matriculation Examination (UTME).

Professor Ishaq Oloyede, the Registrar of JAMB Registrar revealed 13 students who scored the highest marks in the 2024 UTME out of the 400 attainable before stakeholders including Mamman Tahir, the Minister of Education, Vice Chancellors, Rectors, Provost and others at the 2024 Policy Meeting on Admissions into Tertiary Institutions in Abuja.

The meeting was put in place to determine the modality and guidelines for admissions into tertiary institutions for the 2025 academic session.

Premium Times reported that from the list unveiled by Oloyede, three candidates scored 367 marks, the highest score by the participants in the examination.

He added that only 8,401, representing 0.5 per cent of candidates, scored above 300 in the examination while 77,070 others representing 4.2 per cent, scored 250 and above and that 439,974, representing 24 per cent, scored 200 and above.

See the top scorers in 2024 UTME and their scores

Olowu Joseph Oluwasijibomi – 367

Alayande David – 367

Orukpe Joel Ehijele – 367

Emmanuel Jeremiah Jewel -365

Essiet Etini Joshua -365

Ezenwoko Zara Valerie -365

Umoh Joshua Augustine -365

Mamudu Abdulrahman -364

Adeleke Abdulbasit Adekunle -363

Echem Victor Prosper -363

Etute Emmanuel Ehihomen -363

Keke Jedidiah Chidiebube -363

Adesanya Daniel Oluwatimileyin -363

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Education

Successful student starting fresh session to be credited nextweek- NELFUND

Students of tertiary institutions who have successfully applied for the Federal Government’s loan scheme and are beginning new academic sessions will start receiving credit alerts from next week, the NELFUND Managing Director Akintunde Sawyerr says.

He made this announcement on Channels Television’s Politics Today on Wednesday.

“The people who are going to first receive alerts as early as next week are the people who are about to start a new session in the institution they are in,” Sawyerr said.

He added that other successful applicants will receive their credit alerts upon the commencement of academic sessions in their respective institutions.

Sawyerr’s comments followed the launch of the Nigerian Education Loan Fund (NELFUND) by President Bola Tinubu at the State House in Abuja.

According to Sawyerr, 170,000 applicants from universities, polytechnics, and colleges of education have accounts with NELFUND, and 110,000 of these applicants have completed the process.

The NELFUND Managing Director explained that there are two types of beneficiaries: the institutions, which will receive payments on behalf of those who have successfully applied, and the students themselves, who will receive a monthly stipend.

Sawyerr emphasized that the programme aims to provide Nigeria with “better leadership in the future and improve the socio-economic situation of the country.”

“To be precise, about 110,000 students have successfully applied. They’ve put in their applications and verified as being bona fide and eligible applicants. But we’ll still carry out further verification to make sure they are well-qualified to receive these loans. But over 110,000 are likely to begin to receive disbursement from next week,” he said.

“It’s one thing to get approval for the loan, it’s another thing to begin to receive value. This loan is for those who are going to be starting institutions afresh or those who are already there.”

Sawyerr said each of the applicants must have Joint Admissions and Matriculation Board (JAMB) numbers, matric numbers, Bank Verification Numbers (BVN), and National Identification Numbers (NIN), among other requirements.

“Current exposure to students is about N35bn. We’ve got much more than that sitting in our accounts that we can disburse, and we’ve also got some funding on the way. Remember, we are getting 1% of Federal Inland Revenue Service taxes and we also can receive funding from other sources,” the NELFUND boss explained.

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Education

FG to enforce 18yrs minimum entry age into tertiary institutions

The Federal Government has directed that admission to tertiary institutions should not be given to candidates under 18 years old.

The Minister of Education, Mister Tahir Mamman, gave the directive in Abuja on Thursday at the 2024 Policy meeting of the Joint Admissions and Matriculation Board (JAMB).

Although the announcement elicited mixed reactions from vice-chancellors, rectors and registrars present at the meeting, the minister decried the activities of some parents, who are pressuring their underage wards to get admission into tertiary institutions.

The minister said that the 18-year benchmark is in line with the 6-3-3-4 system of education.

“JAMB is hereby instructed from admission this year to admit only eligible students. That is those who have attained 18 years by our laws,” the minister.

He insisted that his position was backed by Nigeria’s law guiding admissions into tertiary institutions. He said it shouldn’t require a statement from him for that to be taken into consideration by admission bodies.

“Our laws require students to be in school from six years – Yes, there are those who do that from five –  and remain in primary school for six years, basic education for three years, and secondary school for three years… It doesn’t require a statement of the minister… we are only restating what is in the law,” he added.

Professor Mamman added that for those who will not be able to gain admission into tertiary institutions, the Ministry of Education is taking skills to pupils from primary school.

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