The Management of the Nigerian Education Loan Fund (NELFUND) has formally issued a rebuttal to the misinformation currently circulating across various social media platforms regarding the monthly upkeep allowance for student beneficiaries.
In a statement aimed at maintaining transparency and protecting students from fraudulent or inaccurate reports, the Fund has reiterated the statutory figures approved for the 2025/2026 Academic Session.
VERIFIED UPKEEP ALLOWANCE: STATUTORY FIGURES
For the avoidance of doubt and to ensure financial planning accuracy for beneficiaries nationwide, NELFUND confirms the following:
- Approved Monthly Upkeep: #20,000 (Twenty Thousand Naira).
- Inaccurate Reports: Claims suggesting an upward review to #25,000 (Twenty Five Thousand Naira) are false and did not originate from the Fund’s administrative office.
Students are strictly advised to disregard any contrary information found on unofficial blogs or unverified news outlets. Relying on unofficial data can lead to administrative discrepancies and financial misinformation.
COMMITMENT TO TRANSPARENT STUDENT SUPPORT
NELFUND remains committed to its core mandate of delivering transparent, efficient, and student-focused support. The upkeep allowance is a critical component of the loan scheme, designed to alleviate the cost of living for students in tertiary institutions across Nigeria.
The Fund appreciates the continued cooperation of the student body and reassures all beneficiaries that disbursements are being managed with the highest level of institutional integrity.
OFFICIAL COMMUNICATION CHANNELS
To stay updated with verified news, policy changes, and disbursement schedules, students and the general public are urged to use only the following Official NELFUND Channels:
- Email: info@nelf.gov.ng
- X (formerly Twitter): @nelfund
- Instagram: @nelfund
- Facebook & LinkedIn: Nigerian Education Loan Fund - NELFUND
- Official Website: www.nelf.gov.ng
CONCLUSION: PROTECTING THE INTEGRITY OF STUDENT LOANS
As the Nigerian Education Loan Fund continues to expand its reach to more institutions, beneficiaries are encouraged to be "Information Vigilant." Always cross-reference news with the handles listed above before taking action or sharing content.