The Nigerian Education Loan Fund (NELFund) has announced the disbursement of N20,000 monthly stipends for the month of July to 20,371 beneficiary students from six tertiary institutions in the country
The announcement was made by the Management of the NELFund under the leadership of Mr Akintunde Sawyerr, the Managing Director.
The Director Finance and Accounts of the fund, Mr Ibom Uche in a statement said the initiative further underscores President Bola Ahmed Tinubu’s promised commitment to support Nigerian students by ensuring financial stability throughout their academic pursuit.
“Students from the following institutions whose institutional fees have already been paid byNELFund , have begun to receive July upkeep stipends:1.Bayero University Kano 2.Federal University, Dutsin-Ma, 3.University of Ilorin, 4.University of Benin, 5.University of Ibadan, 6.University of Maiduguri,” he said
According to him, NELFund is diligently working to commence the payment process for students from approximately 55 additional tertiary institutions.
“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.
“It is noteworthy that the President only Sunday committed a further 50 billion naira from recovered proceeds of crime.”
He added that, NELFund appreciates the cooperation of students and institutions as the organisation works to fulfill its previous made commitments to Nigerian students.
PIAK
