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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. 16 hours ago
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Mogaji Gboyega Adejumo Congratulates Dr. Charles Akindiji Akinola on Appointment as Pioneer Managing Director of Southwest Development Commission


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By: Sayo Àlàgbé

Mogaji Gboyega Adejumo, the Gbọ̀ńkàá Ààrẹ Ọ̀nà Kakaǹfò of Yorùbáland and Chairman of the Southwest Patriots Group Constitution Drafting Committee, has extended warm congratulations to Dr. Charles Akindiji Akinola on his recent appointment as the Pioneer Managing Director of the Southwest Development Commission (SWDC).

In a heartfelt message, Mogaji Adejumo praised Dr. Akinola’s brilliance, dedication, and consistent commitment to excellence, noting that his federal appointment is a well-deserved recognition of decades of impactful service and visionary leadership.

“The Southwest holds tremendous potential, and strategic investment in electricity, infrastructure, agriculture, transportation, and technology will be key to unlocking that potential,” Mogaji Adejumo stated. “Your appointment offers a unique opportunity to champion these developments and address long-standing challenges in our region.”

He further expressed confidence in Dr. Akinola’s capacity to lead the Commission with integrity, wisdom, and foresight, adding that his tenure is expected to bring meaningful progress and lasting benefits to the Southwest geopolitical zone.

“May your leadership at the Southwest Development Commission be marked by transformative accomplishments and a legacy of regional advancement,” he concluded.

Mogaji Adejumo’s message reflects both a personal and communal sense of pride in the appointment, signaling wide support for Dr. Akinola’s new role.


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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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