NIGERIA: NELFUND Directs Tertiary Institutions To Upload Student Data For Loan Processing

By Ameenat Hamzat, Lagos, Nigeria 

The Nigerian Education Loan Fund (NELFUND) has directed all accredited tertiary institutions in the country to verify and upload the data of their students on the Student Loan Application System (SLAS).

In a statement issued on Wednesday, the Director of Strategic Communications at NELFUND, Mrs. Oseyemi Oluwatuyi, said the loan application process has been fully digitised to ensure faster processing and disbursement.

The statement reads: “With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications. This is a critical step that ensures the timely processing and disbursement of approved student loans.”

Institutions that have not yet been onboarded onto the platform were asked to send an access request to registration@nelf.gov.ng. Upon approval, they will be able to access a real-time dashboard to verify student information and track application progress.

The statement added that verification and data upload by the institutions are mandatory before final approval and disbursement of loans.

“To our successful student applicants, please note: If your loan portal status currently shows ‘Verified,’ this indicates that your application has successfully passed initial checks. However, final approval and disbursement are subject to confirmation and upload of your data by your institution. Once this process is completed, your status will be updated to ‘Disbursed’ when the payment of your fees has been processed,” it said.

NELFUND urged institutions to act promptly and thanked students for their patience as the digitisation process continues.

“We appreciate the cooperation of all institutions and the patience of our student beneficiaries as we continue to streamline and digitise the student loan experience for greater transparency, efficiency, and accountability,” the statement added.

For further inquiries or assistance, institutions and applicants are advised to contact NELFUND via info@nelf.gov.gn or through its official social media channels.