NELFUND raises concern over low student loan applications at Rivers State University
By Uji A Iliyasu, Abuja
The Nigerian Education Loan Fund (NELFUND) has expressed concern over the low number of student loan applications from Rivers State University (RSU), compared to other institutions in the region.
This concern was voiced during a Strategic Engagement and Sensitisation Campaign on the Fund’s operations held on Tuesday in Port Harcourt. Mr. Akintunde Sawyerr, Managing Director of NELFUND, was represented by Dr. Zino Ugboma, Director of Administration.
Sawyerr saidqan internal review revealed that while the University of Port Harcourt had over 3,000 applicants for the student loan programme, Rivers State University recorded only about 1,500 applications — a significant shortfall given its student population of nearly 40,000.
“We discovered something quite troubling in our data. For some institutions, we have as many as 4,000 applicants. Port Harcourt has 3,000, but Rivers State University lags behind with just 1,500. That’s why we’re here—to better understand the situation and find solutions,” he stated.
He emphasized that funds are available and meant to support students, urging stronger collaboration with the university to address the low turnout.
In response, RSU Vice Chancellor Prof. Isaac Zeb-Obipi, represented by the Deputy Vice Chancellor (Administration), Prof. Victor Akujuru, acknowledged the shortfall and welcomed the opportunity for dialogue. He assured NELFUND of the university’s commitment to resolving the issue.
“We’re grateful for this engagement. The figures are concerning, and we admit there’s a gap. With the Director of ICT and Head of Student Affairs present, we’re ready to examine the challenges and work towards practical solutions,” Akujuru said.
Prof. Sunny Orike, RSU’s Director of ICT, identified the complex nature of the application process as a key barrier. He noted that while the university communicates regularly through its platforms, many students fail to complete the necessary steps.
“We’re enhancing our support structure. We’ve established centres where students can receive help with the application process, and we plan to tag and track students to ensure compliance at each stage,” Orike said.
He also highlighted the university’s commitment to training and system improvements to make digital transitions more accessible for both students and staff.
Meanwhile, the President of the Student Union Government (SUG), Rizi Owabie, reaffirmed the union’s support for the loan initiative. He noted that awareness campaigns have been ongoing and promised to intensify outreach efforts.
“We’ve been spreading the word both formally and informally. More efforts will be made to ensure students understand the benefits and how to apply,” Owabie assured.
Both NELFUND and RSU agreed to continue working together to bridge the application gap and ensure that students fully benefit from the government-backed loan scheme.