The Nigeria Education Loan Fund (NELFUND) has fully digitised its Student Loan Application System (SLAS), marking a significant milestone in the implementation of the student loan scheme introduced under President Bola Tinubu’s administration.
In a statement released on Wednesday, NELFUND’s Director of Corporate Communications, Oseyemi Oluwatuyi, announced that all accredited tertiary institutions in Nigeria are now required to request access to the digitised system to verify and upload student data—an essential step for processing and disbursing student loans.
“With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications,” the statement read. “This is a critical step that ensures the timely processing and disbursement of approved student loans.”
Institutions yet to integrate into the
platform have been advised to send an onboarding request to registration@nelf.gov.ng without delay. Upon access, institutions will be able to monitor a real-time dashboard, verify applicants’ information, and track the progress of each loan request.NELFUND emphasized that institutional verification is a mandatory requirement before final loan approvals and disbursements can occur. “We urge all institutions to take immediate action in the interest of their students,” the agency said.
This digitisation is a key part of the Tinubu administration’s education reform agenda. Within a month of assuming office in 2023, President Tinubu signed the Access to Higher Education Act, establishing NELFUND to provide interest-free loans to indigent Nigerian students for tuition in public tertiary institutions.
The now-digitised application system is expected to ease access, enhance transparency, and reduce processing delays for students seeking financial assistance.
