What You Need to Know About NELFUND Reimbursements in UNILAG

As a student of the University of Lagos (UNILAG) benefitting from the Nigerian Education Loan Fund (NELFUND) initiative, it is important to understand the process through which excess loan disbursements are refunded. The University remains committed to ensuring a seamless and transparent experience for all beneficiaries of this laudable government programme.

Reimbursement Process: How It Works

UNILAG operates a clear and standardized procedure for refunding excess NELFUND disbursements. Once loan funds are received from NELFUND, the University undertakes a thorough reconciliation and verification process to ensure all payment details are accurate. This process helps determine whether any excess amounts have been received and ensures proper accounting before refunds are issued.

Status Update: Where We Are

So far, the University has received three tranches of NELFUND loans. Students from the first and second batches have already been successfully reimbursed after due verification. For the third batch, which was received towards the end of April 2025, we are currently collating and reconciling payment records.

Please note that refunds for this third batch will be processed once the reconciliation exercise is completed. We understand that students are eager to receive updates, and we appreciate your patience and understanding as we uphold the principles of due diligence and financial accountability.

What You Should Do

• Stay Informed: Always check your student email and UNILAG website (www.unilag.edu.ng) for updates regarding NELFUND disbursements and reimbursements.
• Verify Your Details: Ensure that your personal and payment information submitted to NELFUND and the University is accurate and up to date.
• Ask Questions: If you have concerns, inquiries, or complaints about your NELFUND loan or refund status, we encourage you to visit the NELFUND Help Desk at the Student Affairs Division for prompt support. Your questions matter and our trusted team are always ready to help.

UNILAG’s Commitment to Transparency and Student-Centered Service

At the University of Lagos, we take pride in upholding the values of transparency, accountability, and student-centered service delivery. Every effort is made to ensure that our students benefit fully from government support schemes like NELFUND without experiencing unnecessary delays or confusion.

Ultimately, we encourage you to always seek knowledge and clarity where doubts arise. We also encourage all eligible students to take full advantage of the NELFUND loan facility, which provides vital financial support to aid your academic journey.