Tinubu’s NELFUND Moves to Stop Students Collecting Loans While Parents Pay School Fees
Tinubu’s NELFUND Moves to Stop Students Collecting Loans While Parents Pay School Fees
The Nigerian Education Loan Fund (NELFUND) has announced plans to clamp down on alleged double-dipping by students who benefit from its loan scheme while still relying on their parents to pay their school fees. The move is part of efforts to strengthen accountability and transparency in the implementation of the Federal Government’s student loan programme. Under the planned measures, parents will be provided with a mechanism to verify whether their children’s tuition fees have already been paid through the NELFUND scheme. The initiative is expected to help parents establish whether their children have benefited from the loan programme and determine if tuition payments have been made on their behalf. NELFUND’s planned intervention comes amid efforts to ensure that the student loan scheme operates transparently and that funds provided for students’ education are used for their intended purpose. The alleged practice of collecting loans while parents continue to pay tuition raises concerns about possible duplication of payments and the need for improved monitoring of beneficiaries. By introducing a verification mechanism for parents, the fund aims to strengthen oversight and reduce the possibility of misuse or misrepresentation in the student loan process. The Federal Government established the student loan programme to provide financial assistance to eligible Nigerian students pursuing higher education, helping to reduce the financial burden associated with tuition and other educational expenses. However, further details about the implementation timeline and specific procedures for the proposed parental verification mechanism were not provided in the information available. NELFUND’s planned crackdown signals a renewed focus on accountability as the student loan programme continues to support eligible students across Nigeria.
