The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has suggested that some students may have received funding from the Nigerian Education Loan Fund without their parents’ knowledge.

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Oyedele made the remark while responding to an audience member who said his three children in school had not received NELFUND funding and were unaware of any friends who had received the financial support.

Speaking at a media briefing in Abuja on Wednesday, Oyedele urged the journalist to ask his children whether they had applied for the scheme and to demand evidence of their applications.

“It is possible they’ve collected the money, and they are collecting from you,” the minister said.

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He added, “You need to ask your children to be honest with you.”

Oyedele said the man could assist his children to apply if they had not already done so.

“If there’s anything that everyone can attest to, it is this NELFUND,” he said.

The minister also pointed to videos of students celebrating after receiving the support, noting that the scheme covered more than tuition.

“We’ve seen video of student randomly rejoicing because it’s not only the tuition that was being paid, they get monthly stipend interest free in a high inflationary environment,” he said.

Oyedele said students could access up to N1.5m through the scheme and urged parents who were unsure about the process to help their children apply.

📰 Source: Punch Nigeria