Nigerian Education Loan Fund (NELFUND) reacted to rising concerns about delay in the disbursements of funds to benefitting students of tertiary institutions, saying utmost caution must be applied in the management of taxpayers’ money.
Managing Director of NELFUND, Mr. Akintunde Sawyer, acknowledged the delay, particularly in the case of final year students, who applied for the loan.
But Sawyer said the fund was only being careful in “handling government and taxpayers’ money, and no disbursement would be rushed”. He stated this during the fund’s stakeholders’ engagement session and technical workshop on system automation and the loan application process in Abuja on Monday.