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LAUTECH Reaffirms Strong Partnership with NELFUND, Clarifies Loan Disbursement Update The management of Ladoke Akintola University of Technology has reaffirmed its cordial and productive relationship with the Nigerian Education Loan Fund following recent media interpretations regarding student loan disbursements. In a statement, the university expressed appreciation for NELFUND’s continued support, noting that more than ₦1.4 billion was successfully disbursed to its students in 2025. According to the institution, the intervention significantly reduced financial burdens and improved access to education for many students. Speaking during a pre-convocation press briefing, the university explained that about 19,000 students applied for the NELFUND scheme, while over 15,000 applications have already been verified in line with established procedures. The management further disclosed that within the current 2025/2026 academic session, a total of 5,237 students have been approved and are awaiting disbursement, while other verified applications remain at various stages of processing. LAUTECH clarified that parts of the update were misinterpreted in some quarters, creating the false impression that NELFUND was unwilling or unable to release funds. “The university wishes to state clearly that this is not the case. At no time did LAUTECH suggest any reluctance or failure on the part of NELFUND,” the statement said. The institution added that its intention was solely to highlight progress made so far and reassure stakeholders that the disbursement process remains ongoing and on course. LAUTECH reiterated its commitment to sustaining its partnership with NELFUND and other relevant stakeholders to ensure students continue to receive the financial support needed to pursue their academic goals. The statement was signed by Olayinka O. Balogun, Registrar of the university. 4 days ago
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FG, ASUU Sign New Agreement to Restore Stability in Nigerian Universities


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The Federal Government and the Academic Staff Union of Universities (ASUU) have signed a fresh renegotiated agreement aimed at restoring stability, rebuilding trust, and improving the quality of Nigeria’s tertiary education system.

Unveiling the agreement in Abuja, the Minister of Education, Dr. Tunji Alausa, said the pact reflects President Bola Ahmed Tinubu’s commitment to accessible, quality education and uninterrupted academic calendars. He noted that the President took personal responsibility for resolving long-standing disputes in the university system.

A major highlight of the agreement is a 40 per cent upward review of the remuneration of academic staff in federal tertiary institutions. The increase, approved by the National Salaries, Income and Wages Commission, will take effect from January 1, 2026. It is captured under a consolidated academic tools allowance covering journal publications, conference participation, internet access, learned society membership, and book allowances.

The agreement also restructures nine previously earned academic allowances, making them more transparent and strictly tied to duties performed, in a bid to promote productivity, accountability, and fairness.

In addition, the Federal Government approved a new professorial credit allowance, the first of its kind. Under the arrangement, professors will receive ₦1.8 million per annum (about ₦140,000 monthly), while academic readers will earn ₦840,000 per annum (₦70,000 monthly), in recognition of their extensive research, administrative, and scholarly responsibilities.

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ASUU President, Prof. Chris Pinuwa, described the agreement as the outcome of a renegotiation process that began in 2017 and commended the Tinubu administration for seeing it to completion. However, he noted that challenges remain, particularly persistent government interference in university autonomy, which he described as a major threat to the survival and effectiveness of Nigeria’s university system.


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