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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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Hon. Adewale Adebayo Falana Partners with SMEDAN to Transform Youth Entrepreneurship in Oyo State


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Ajao Stephen

In a significant move aimed at enhancing the entrepreneurial landscape for youth in Oyo State, Hon. Adewale Adebayo Falana, Chairman of the Oyo State Agency for Youth Development, has announced a groundbreaking partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). This collaboration is set to provide young entrepreneurs with essential skills, resources, and financial support needed to succeed in today’s competitive business environment.

Hon. Falana, a passionate advocate for youth empowerment, believes that the future of Oyo State lies in the hands of its youth. “We are dedicated to creating an ecosystem where young entrepreneurs can thrive,” said Falana during the announcement. “With the right skills and resources, there is no limit to what our young people can achieve. This partnership with SMEDAN is a pivotal step toward making this vision a reality.”

The initiative will include a series of workshops, training sessions, and access to funding opportunities aimed at equipping aspiring entrepreneurs with practical business knowledge and tools necessary for business growth. By leveraging SMEDAN’s expertise and resources, Falana envisions a future where young people in Oyo State can convert their innovative ideas into successful enterprises.

In addition to skills training, the partnership will also focus on facilitating access to micro-financing solutions, enabling young business owners to turn their ambitions into viable business ventures. This support is critical, as limited financial resources often hinder young entrepreneurs from launching and scaling their businesses.

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Hon. Falana’s commitment to youth empowerment reflects his broader vision for Oyo State, as he continuously strives to create sustainable job opportunities and foster economic growth. His leadership is paving the way for a vibrant community of young innovators ready to contribute to the state’s economy.

As Oyo State takes this significant step forward, Hon. Adewale Adebayo Falana remains a beacon of hope for youth entrepreneurs, exemplifying the spirit of ambition and resilience that defines the next generation of leaders.


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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.

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