The Nigerian Education Loan Fund has said that accessing student loans is voluntary, urging tertiary institution students to apply only when they genuinely need financial assistance to pursue their education.

The clarification was contained in a statement signed by the Director of Strategic Communications, NELFUND, Oseyemi Oluwatuyi, in Abuja on Wednesday.

The fund explained that the student loan scheme was established to remove, “financial barriers to higher education and ensure that eligible Nigerian students were not denied educational opportunities because of financial constraints.”

It stressed that students who could afford their educational expenses were under no obligation to apply for or access the facility.

NELFUND said making the loans compulsory for all students, irrespective of their financial circumstances, would contradict the purpose of the scheme, which is to support those who need financial assistance rather than encourage indiscriminate borrowing.

“The student loan scheme is a support mechanism, not an obligation,” the fund stated.

It urged tertiary institutions, student leaders and other stakeholders to provide accurate information about the scheme and guide students who require financial support on how to access it.

The fund added that the facility was interest-free and intended to help beneficiaries overcome financial difficulties associated with pursuing higher education.

However, it cautioned prospective applicants that the loans came with repayment obligations in line with the provisions of the Student Loans Act, advising students to understand the terms and conditions before applying.

NELFUND maintained that its objective was to ensure that financial hardship did not prevent eligible Nigerian students from pursuing their educational aspirations.

The scheme is part of the Federal Government’s efforts to expand access to tertiary education by providing financial assistance to students who may struggle to meet the costs of their studies.

While the interest-free arrangement reduces the cost of borrowing, the fund’s latest clarification underscores the importance of ensuring that students understand that the facility is optional and that beneficiaries are expected to fulfil the applicable repayment requirements.

No fewer than 83 students of Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State, will graduate with first-class honours among the 1,043 students expected to receive degrees at the institution’s convocation on Friday.

The Vice-Chancellor of the university, Prof Olasebikan Fakolujo, disclosed this on Monday while speaking on activities lined up for the institution’s 17th convocation and 20th anniversary.

According to him, 146 students will also receive postgraduate degrees and qualifications.

Giving a breakdown of the graduating students, Fakolujo said, “At this year’s convocation, Joseph Ayo Babalola University will present 1,043 graduates. Of these, 897 are first-degree graduates, while 146 are postgraduate graduates.

“Among the 897 first-degree graduates, 83 will receive first-class honours, 429 will receive second-class honours (upper division), 301 will receive second-class honours (lower division), 74 will receive third-class honours, and 10 will receive pass degrees.

“At the postgraduate level, we have 146 students, including 22 PhDs, 94 academic master’s degrees, 27 MBAs and three postgraduate diplomas.”

The vice-chancellor also disclosed that the university, which began operations with 246 students in February 2007, had awarded more than 10,000 undergraduate degrees.

“From a pioneer matriculating class of just 246 students in February 2007, JABU has, over its 20 years of operation, awarded 10,448 undergraduate degrees. Of these, 426 graduated with first-class honours, 3,730 with second-class honours, upper division, 4,928 with second-class honours, lower division, 1,336 with third-class honours, and 28 with pass degrees.

“In addition, the university has awarded more than 800 postgraduate degrees and qualifications, contributing to the development of advanced professional expertise, scholarship, research and leadership. But these are not merely numbers in our academic records; they represent 10,448 undergraduate journeys,” the vice-chancellor stated.

Fakolujo said the university’s graduates were excelling in various fields, including business, research, academia, public service, technology and finance.

He cited the performance of the institution’s Medical Laboratory Science and Nursing Science students in professional examinations as evidence of their academic preparedness.

“Internal results matter, but an important test is what happens when students are assessed beyond the university. Our Medical Laboratory Science students recorded 100 per cent success in their 2026 professional examinations, for the third consecutive year.

“Our Nursing Science students also recorded 100 per cent success in their 2026 registered midwife professional examination. Our law graduates continue to distinguish themselves at the Nigerian Law School,” he said.

The University of Ilorin will confer degrees and other academic qualifications on 16,152 graduands at its 41st convocation ceremony for the 2025/2026 academic session, with 365 students graduating with first-class honours.

The University’s Vice-Chancellor, Prof. Wahab Egbewole (SAN), announced the figures on Monday during a press briefing ahead of the ceremony, which will run from Wednesday, October 21, to Friday, October 23.

According to Egbewole, 11,213 students will receive first degrees, including 4,367 second-class upper division graduates, 5,102 second-class lower division graduates, 1,006 third-class graduates and 30 pass-degree recipients.

He said the graduating class also included students from several professional programmes, with 19 in Medicine and Surgery, 89 in Nursing, 73 in Pharmacy, 41 in Optometry, 89 in Physiotherapy and 32 in Veterinary Medicine.

The Vice-Chancellor disclosed that “4,939 graduands would receive higher degrees and diplomas, comprising 160 postgraduate diploma recipients, 901 master’s degree graduates, 114 professional master’s degree recipients, two Master of Philosophy graduates and 251 doctorate degree recipients”.

Another 3,511 students, he said, would graduate through the university’s Centre for Affiliated Institutions.

In a separate programme, Egbewole said 8,320 students had completed the university’s U-INSPIRE initiative, which equips participants with 21st-century skills in addition to their primary qualifications through partnerships with 10 industry partners.

He described the figures as evidence of the university’s commitment to academic excellence, professional training, research, innovation and the development of skilled graduates for national and global development.

Reflecting on his administration, Egbewole said the convocation provided an opportunity to assess the institution’s progress since he assumed office on October 16, 2022, and consider the legacy being prepared for the next vice-chancellor.

“When I assumed office as Vice-Chancellor on 16 October 2022, my first convocation ceremony was for both the 37th and 38th. I came into office with a clear commitment: to build on the strong foundations laid by my predecessors, preserve the University’s defining strengths, and move the institution forward with renewed ambition,” he said.

“Four years on, as we prepare for the 41st Convocation, I do so with gratitude to Almighty Allah and a deep sense of fulfilment. This is not simply a review of activities; it is an account of steady, substantial progress and of the institutional capacity, opportunities, and responsibilities we will bequeath to the next Vice-Chancellor, as a legacy,” he added.

The Vice-Chancellor said the university had maintained its tradition of stability, academic excellence and peace while making improvements in digital infrastructure, staff and student welfare, research, teaching and learning, campus facilities and external partnerships.

He added that the institution’s development strategy remained anchored on its Vision 1:10:500 ambition of becoming Nigeria’s number one university, ranking among Africa’s top 10 and securing a place among the world’s top 500 universities.

“The 41st Convocation is therefore both a celebration and a moment of reflection. It gives us an opportunity to recognise what we have accomplished, acknowledge the people whose work made it possible, and identify the foundations on which we can build the next phase of progress,” Egbewole said.

On the ceremony’s activities, the Vice-Chancellor announced that the convocation lecture, titled From Lecture Hall to Cabinet Room: The Journey from Academia to Public Leadership, would be delivered by Sierra Leone’s Minister of Technical and Higher Education, Dr Haja Ramatulai Wurie, on Friday, October 23, at 9am.

He disclosed that the university would stage its convocation opera, The Death of the Crown’s Escort, at the Performing and Film Arts Theatre on Tuesday, October 20, with performances scheduled for 4 pm and 6 pm.

According to him, graduands from four-year programmes would receive their degrees on Wednesday, October 21, and Thursday, October 22, while those from five-year and six-year programmes would be presented for their degrees on Friday, October 23.

Egbewole further disclosed that President Bola Tinubu, the university’s Visitor, was expected to commission completed projects on the campus at 2.30 pm on Friday.

The day’s programme would also include a convocation luncheon and merit awards for deserving members of staff at the university’s Multipurpose Hall at 4.30 pm.

The activities, which commenced with a special Jumat service on Friday, October 16, and an interdenominational church service on Sunday, October 18, will end with a thanksgiving service at St Thomas Aquinas Chaplaincy on Sunday, October 25.

Source: punchng.com

FOLLOW US ON:

FACEBOOK

WHATSAPP CHANNEL

TWITTER

PINTEREST

TIKTOK

YOUTUBE

LINKEDIN

INSTAGRAM