NANS Supports NELFUND's New Tuition Payment System

The National Association of Nigerian Students (NANS) has endorsed the Token Payment System introduced by the Nigerian Education Loan Fund (NELFUND). This system allows students to make tuition payments directly to their institutions using tokens linked to their schools, eliminating the need for personal bank account transactions.

Comrade Obidah David, the public relations officer of NANS, described the initiative as a significant step towards enhancing transparency, accountability, and efficiency in student loan administration. He noted that the system aims to prevent duplicate payments and improve transaction tracking, ensuring that funds for tuition are accurately accounted for.

David highlighted ongoing issues where students faced difficulties accessing examinations and registering for courses due to delays in payment reconciliation by some institutions, despite NELFUND disbursing the necessary funds. He expressed hope that the new system would facilitate easier verification of payments and urged university managements to cooperate with NELFUND for timely reconciliation.