February 17, 2025

Unilagsun

Serving the university community

UNILAG bursar urges students to embrace NELFUND

By Daniel Nnam and Daniel Nnamani

The University of Lagos (UNILAG) bursar, Mrs. Oluwafunmilola Yetunde Adekunle, has urged the students to take full advantage of the Nigerian Education Loan Fund (NELFUND), a government initiative designed to provide students with easily accessible, interest-free loans.

Speaking in an interview with UNILAG Sun, Mrs. Adekunle emphasized that the loan is available to all categories of students, not just those who cannot afford to pay their school fees.

“It’s the government trying to just be of assistance, and I think we should actually embrace that,” she said.

Mrs. Adekunle added that the government is working to make the loan available at the start of each session, ensuring that student fees are paid on time and eliminating the need for reimbursement difficulties.

Highlighting the flexibility of the scheme, the bursar said that the NELFUND allows students to apply for loans every academic session, with repayment beginning only two to three years after graduation. She further noted that repayment is tied to employment, and graduates are required to repay just 10% of their monthly salaries.

She also shared the current progress on UNILAG’s digitalization efforts, stating that the bursary department is collaborating with the Centre for Information Technology and Systems (CITS) to revamp the student portal. The revamped portal will serve as a one-stop platform for fee payment, clearance, and other services.

“Very soon, you will see a new, improved portal with this digitalization that we are carrying out in the university,” Mrs. Adekunle said.