The Management of the Ladoke Akintola University of Technology (LAUTECH), has reassured the Nigerian Education Loan Fund (NELFUND) of its cordial and productive relationship, promising to continue to ensure that students receive the financial support they need to pursue their academic goals.

The Institution, in a press release from its Registrar, Olayinka O. Balogun (Mrs), expressed its position in reaction to a misinterpretation in some sections of the media that NELFUND was unwilling or unable to disburse funds to its students.

The release stated that LAUTECH, “wishes to address recent media interpretations concerning the Nigerian Education Loan Fund (NELFUND) disbursement to our students.

“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”.

The Registrar went further this way: “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.

“Ladoke Akintola University of Technology remains firmly committed to its strong partnership with NELFUND and other stakeholders.

“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”.