15,000 LAUTECH students approved by NELFUND yet to get loans, says VC

Rasaq Kalilu, vice-chancellor of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Oyo state, says about 15,000 students of the institution who were approved for loans in 2026 by the Nigerian Education Loan Fund (NELFund) are yet to receive disbursements.

Speaking on Thursday during a press briefing held for the institution’s 18th convocation ceremony, the VC said about 5,000 students from the university had benefited from the scheme in 2025.

The development comes amid growing concern among students, who have taken to social media to complain about delays in receiving payments from NELFund, several days after their applications were approved.

Kalilu added that out of 19,000 applications received by NELFUND from the university in 2026, 15,000 were approved.

“About 19,000 of our students applied for the NELFUND scheme. Out of this, over 15,000 have been approved, but the funds are yet to be disbursed,” he said, according to a statement shared on the university Facebook page.

Speaking on the convocation statistics, the vice-chancellor said 137 out of 10,223 graduands earned first-class honours.

He added that 3,438 students graduated in the second class upper and lower divisions, while 1,008 finished with third class, and 37 were in the pass category.

Kalilu also stated that the institution graduated 1,021 students in nursing science, with 17 earning distinction, while 973 and 11 students fell within credit and pass categories, respectively.

He said 1,850 graduands would be admitted into academic and professional master’s programmes, nine into the master of philosophy degree, and 127 into the doctor of philosophy degree.

According to him, 7,641 out of the 10,223 graduands were undergraduates, while 2,582 were postgraduate students.

“In the postgraduate category, 2,852 individuals will be severally awarded postgraduate diplomas and be admitted to various higher degrees,” he said.

“A total of 596 graduands will be awarded academic and professional postgraduate diplomas in various disciplines.”

The vice-chancellor added that 1,850 students would proceed into master’s programmes, including nine for master of philosophy and 127 for doctor of philosophy.(TheCable)