₦airaland Forum

The circular highlighted steps for the loan repayment.

Less than two years after disbursing loans to tertiary institution students through the Nigerian Education Loan Fund (NELFUND), President Bola Tinubu’s administration has requested repayment from beneficiaries of the scheme.

A circular dated January 23, signed by the University of Benin Registrar, A. A. Bobola, informed indebted students on the procedure for NELFUND loan repay from the federal government.

It stated, “This is to inform all students of the University of Benin who are beneficiaries of the Nigerian Education Loan Fund (NELFUND) that the University Management has received the official guidelines for the repayment of student loans.”

The circular highlighted steps for the loan repayment, urging indebted students to “strictly follow the two-step procedure.”

The circular noted, “Please ensure that you follow these steps carefully to avoid any delay in confirming your loan repayment. Members of the university community, particularly affected students, are hereby requested to please note and comply accordingly.”

Request for repayment of the loan came barely two years after the loans were given to student to support their education in various institutions of higher learning.

In 2024, an Act establishing NELFUND was signed into law by Mr Tinubu.

Earlier in January, Managing Director, NELFUND, Akintunde Sawyerr, said “1,361,011 applications have been received, 864,798 students have so far benefited from the loan scheme, and a total disbursement stands at N161.97 billion.

Earlier in January, Managing Director, NELFUND, Akintunde Sawyerr, said, “1,361,011 applications have been received, 864,798 students have so far benefited from the loan scheme, and a total disbursement stands at N161.97 billion.”

hopexter:
It’s already being built and strengthened by him. He’s even giving free education and monthly stipends to university students which in turn relieves parents from the burden of school fees which has never happened before in Nigeria.
Should we talk about Oil subsidy and other reforms? No one can do it better than Tinubu.

Ofunaofu:
Students are being asked to repay loans even when they haven’t graduated or gotten jobs.

Yet a Tinubu supporter, an Agbadorian called hopexter, was confidently arguing in another thread that the same NELFUND loan is free education for university students.

hopexter:
You quoting me without even getting a single like will not stop the inflow of Nelfund loans to Nigerian students. Imagine if those students where to vote, they will vote for who who didn’t provide them Students grands and stipends?

Ofunaofu:
You’re still ignorantly pushing this your lie that NELFUND is a student grant, when it is a repayable loan, one students are being asked to repay even before graduating or securing jobs.

hopexter:
Yes it’s a repayable loan which is why it is called student loan provided by Tinubu through Nelfund. Do you have a problem with that cos you sound triggered? 😂

Ofunaofu:
Glad you finally admitted it’s a loan after I busted your lies. That’s all I’ve been saying from the start.

The problem was never the name; it was you, hopexter, dishonestly marketing and pushing propaganda by presenting a repayable student loan as student grants and free education. Students are even being asked to repay this loan even before graduating or securing jobs.

Listen, facts aren’t triggering. They’re just inconvenient when they expose bad arguments.

LordIsaac:
Now he will see the true color of Nigerians who enjoyed the loan.

hopexter:
You quoting me without even getting a single like will not stop the inflow of Nelfund loans to Nigerian students. Imagine if those students where to vote, they will vote for who who didn’t provide them Students grands and stipends?

hopexter:
You are too dull to know the purpose of Nelfund. Was it ever free?

God Bless President Bola Ahmed Tinubu.
God bless the great Nigerian students and
God bless Nigeria. 🇳🇬

LordIsaac:
Now he will see the true color of Nigerians who enjoyed the loan.

givedemwotowoto:
Yes. Like Abuja workers employed by FG, including Aso Rock staff voted for Atiku Obi instead of Buhari in 2019. Do you understand? Nelfund won’t make students vote for poor leadership

Nelfund won’t disappear after Tilumbu is voted out of office

Bobloco:
https://gazettengr.com/tinubu-govt-requests-repayment-of-nelfund-loan-from-students-nationwide/

Bobloco:
https://gazettengr.com/tinubu-govt-requests-repayment-of-nelfund-loan-from-students-nationwide/