Monthly Allowance Remain #20,000- NELFUND

By Adenuga Toheeb Ayoola

The Nigerian Education Loan Fund has addressed what it described as misinformation circulating about the monthly upkeep allowance for student beneficiaries under its scheme.

In a statement issued on Monday, the Fund clarified that the approved monthly allowance for students remains N20,000, contrary to reports suggesting an increase to N25,000.

The Director of Strategic Communications at NELFUND, Oseyemi Oluwatuyi, said “The approved upkeep allowance remains N20,000 (Twenty Thousand Naira) monthly, and not N25,000 as being reported.”

NELFUND urged students to ignore unverified claims and rely strictly on its official communication platforms for accurate updates.

Moreover,students are advised to disregard any contrary information and rely only on official NELFUND communication channels for accurate updates.

The organisation reassured its commitment to transparency and efficiency in delivering support to beneficiaries across the country. It also expressed appreciation for the cooperation it has received from students.

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