NELFUND Begins Payment of June, July Upkeep Allowances to Student Beneficiaries

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of June and July upkeep allowances to eligible student beneficiaries across the country, bringing relief to thousands of students who had expressed concerns over delayed payments.

The development was confirmed by the National Association of Nigerian Students (NANS), while several beneficiaries also shared screenshots of successful payment alerts on social media platform X.

In a statement released on Friday, NANS National President, Akinteye Babatunde, announced that the payment process had officially begun and assured students that all outstanding upkeep allowance backlogs would be cleared.

“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,” he said.

Babatunde urged beneficiaries who had yet to receive their allowances to remain calm, explaining that the payments were being processed 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. We will continue to stand firmly in defence of the welfare and interests of Nigerian students,” he added.

The disbursement follows weeks of complaints by students over delays in the monthly upkeep component of the Federal Government’s student loan scheme.

NELFUND’s upkeep allowance forms part of the student loan programme, providing eligible students with monthly financial support for living expenses, while tuition fees are paid directly to their respective tertiary institutions.

The latest payments are expected to ease financial pressure on beneficiaries and reinforce confidence in the Federal Government’s student loan initiative.

Source: Punch Newspaper