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NELFUND begins payment of June, July upkeep allowances

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

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  • The Nigerian Education Loan Fund (NELFUND) has begun disbursing June and July upkeep allowances to student beneficiaries.
  • The National Association of Nigerian Students confirmed the payment, with students sharing successful transaction alerts on social media.
  • NELFUND assures students that all outstanding backlogs will be cleared, with payments being processed in batches to manage the process.

The Nigerian Education Loan Fund (NELFUND) has started paying the June and July upkeep allowances to students enrolled in its loan program. This development follows weeks of complaints from beneficiaries regarding delays in receiving their monthly stipends.

The National Association of Nigerian Students (NANS) confirmed the commencement of payments. NANS President Akinteye Babatunde stated in a release that all outstanding backlogs are being addressed. "As I assured you, every outstanding backlog will be paid. We remain committed to ensuring that no eligible Nigerian student is left behind," he said.

The payment of June and July NELFUND upkeep allowances has officially commenced. As I assured you, every outstanding backlog will be paid. We remain committed to ensuring that no eligible Nigerian student is left behind.

— Akinteye BabatundeNANS National President announcing the start of allowance payments and assuring students of full disbursement.

Several students have shared screenshots on the social media platform X, formerly Twitter, showing successful payment alerts for their June and July allowances. This provides tangible evidence of the disbursement process underway.

To all beneficiaries, I urge you to remain patient as payments are processed. If you have not received yours yet, kindly stay calm, as disbursements are being made in batches.

— Akinteye BabatundeNANS President advising students on the staggered payment process.

Akinteye urged beneficiaries who have not yet received their allowances to remain patient, explaining that the payments are being disbursed in batches. "To all beneficiaries, I urge you to remain patient as payments are processed. If you have not received yours yet, kindly stay calm, as disbursements are being made in batches," he advised.

The NELFUND student loan program provides monthly financial support to eligible students in tertiary institutions, in addition to covering tuition fees directly paid to the institutions. The fund aims to ease the financial burden on students pursuing higher education.

Aluta Continua!

— Akinteye BabatundeA slogan often used in Nigerian student activism, signifying continued struggle and perseverance.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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