The administration of Ladoke Akintola University of Technology, situated in Ogbomoso, Oyo State, has officially verified the allocation of more than N1.4 billion from the Nigerian Education Loan Fund to the recipients in the year 2025.
Olayinka Balogun, the Registrar of the institution in an official statement released on Friday attested to a cordial working relationship with the management of NELFUND.
“We affirm that the University enjoys a cordial and productive relationship with NELFUND and we remain deeply appreciative of the Fund’s invaluable support, including the successful disbursement of over ₦1.4 billion in 2025, which significantly eased financial pressures and expanded access to education for our students.
“During our pre-convocation press briefing, the university provided an update on the current application cycle.
“Specifically, we noted that approximately 19,000 students applied for the NELFUND scheme, and over 15,000 applications have already been verified by the university in line with established procedures.
“For the purpose of clarity, within the current 2025/2026 Academic Session, a total of 5,237 students have already been approved and are awaiting disbursement, while other verified applications are now at different stages of processing.
“Portions of this update were however misinterpreted in some quarters, creating the unintended impression that NELFUND was unwilling or unable to disburse funds. We wish to state clearly that this is not the case. At no time did LAUTECH suggest any reluctance or failure on the part of NELFUND.
“Our intention was solely to highlight the progress achieved and to reassure stakeholders that the process is ongoing and on course.
“Together, we will continue to ensure that students receive the financial support they need to pursue their academic goals. We sincerely appreciate NELFUND’s continued cooperation and dedication, and we reaffirm our confidence in the scheme.