The Nigerian Education Loan Fund (NELFUND) introduces a tokenised payment system intended to stop double payment of school fees and reduce related refund complications. NELFUND’s managing director, Akintunde Sawyerr, says the system changes how students make fee payments.
Several outlets frame the move as a response to cases where students use NELFUND loans while parents are also paying their school fees. Punch and Vanguard report NELFUND’s stated aim to stop “double-dipping,” describing how the agency is targeting situations where students receive benefits from the loan scheme even as parents cover fees.
Across the coverage, the key emphasis is on preventing duplicate payments and tightening eligibility and use of the loan scheme. While the Daily Post Nigeria focuses on the practical implications of the token system for students, other outlets lead with the broader policy objective of preventing loans from being collected when parents pay.
