THE Federal Government has announced the creation of a high-level committee to streamline and standardise fee payment processes across the country’s tertiary institutions.
This move aims to enhance financial operations between Nigerian universities and the Nigerian Education Loan Fund (NELFUND).
The Minister of Education, Dr Tunji Alausa made the announcement in Abuja, yesterday, after a closed-door meeting with Vice- Chancellors of universities and NELFUND management.
Addressing the media, Alausa said that while universities had been receiving funds promptly, there was a pressing need to improve the timelines and efficiency of disbursement and notification processes.
He clarified that there was no fraud in NELFUND, contrary to earlier speculations by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). “The current processes are working, but we are working to better the system we have now.
“The aim is to serve both NELFUND and our citizens more efficiently, and align with the broader agenda of the current administration,” he said.
