NELFUND Confirms N20,000 Monthly Student Allowance – No Increase to N25,000
The Nigerian Education Loan Fund (NELFUND) has clarified that the monthly upkeep allowance for student beneficiaries remains N20,000, despite recent rumours suggesting an increase to N25,000.
The statement, signed by NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, urged students to ignore unverified reports and rely only on official NELFUND channels for accurate information.
“The approved upkeep allowance remains N20,000 (Twenty Thousand Naira) monthly, and not N25,000 as being reported,” the statement read.
What Students Should Know
- Monthly stipend: N20,000
- Source of updates: Only NELFUND official channels
- Purpose: To assist with tuition and daily expenses for eligible students in public tertiary institutions
NELFUND also thanked students for their cooperation and reaffirmed its commitment to transparency and efficiency in delivering support nationwide.
About NELFUND
- Established by the Federal Government under the Student Loans Act
- Designed to help students who may struggle to finance their education
- Has released over N206 billion in loans to support more than 1.6 million students across Nigeria since inception
- Students start repayment after completing their studies and securing employment, ensuring the scheme is sustainable and not burdensome
How Students Can Stay Informed
- Follow official NELFUND social media handles
- Contact the agency via email for enquiries
- Ignore rumours from unofficial sources
Final Notes
Students and families are encouraged to rely only on verified information from NELFUND.
This ensures everyone gets the correct details about allowances, loans, and support programs, avoiding unnecessary confusion.