NELFUND explains why students in South-East institutions have not received loans

The Nigerian Education Loan Fund (NELFUND) on Friday responded to criticism surrounding the disbursement of its funds, stating that geopolitical zones do not influence the allocation of its loans.

This comes after the release of N2.94 billion to 19 universities, benefiting 27,667 students, with no institutions from the South-East and South-South regions among the recipients.

The omission sparked outrage on social media, with users expressing disappointment and alleging regional bias. However, NELFUND has clarified that the disbursement process is based on verification responses from eligible institutions, not geopolitical zones.