The Nigerian Education Loan Fund (NELFUND) has announced the disbursement of N20,000 monthly stipends for the month of July 2024 to 20,371 students in six universities in the country.
This was announced via a statement issued by the NELFUND Director of Finance and Accounts, Ibom Uche, on Monday, August 5, 2024.
Uche listed the students of the universities to include Bayero University Kano; Federal University, Dutsin-Ma; University of Ilorin; University of Benin; University of Ibadan; and University of Maiduguri.
He stated: “This initiative further underscores President Bola Ahmed Tinubu’s promised unwavering commitment to supporting Nigerian students by ensuring financial stability throughout their academic pursuit.
“NELFUND is diligently working to commence the payment process for students from approximately 55 additional tertiary institutions.
FULL LIST: NELFUND disburses N2bn student loan to 6 varsities
“It is anticipated that this will be concluded within the next two weeks as the Fund is committed to ensuring that all eligible students receive their stipends promptly.
“NELFUND remains steadfast in its mission to support the educational aspirations of Nigerian students by providing financial assistance for studies at qualifying institutions and ensuring the timely disbursement of stipends for day-to-day expenses.”
Uche noted that President Tinubu, on Sunday, committed a further N50 billion from recovered proceeds of crime, adding: “NELFUND appreciates the patience and cooperation of students and institutions as the organisation works assiduously to fulfil its previous made commitments to Nigerian students.”
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