The Management of the Nigerian Education Loan Fund (NELFUND), led by Mr Akintunde Sawyerr, Managing Director, has announced the successful disbursement of N20,000.00 monthly stipends for July to 20,371 students across six tertiary institutions.
This is contained in a statement signed by Mr Ibom Uche, Director of Finance and Accounts, Nigerian Education Loan Fund (NELFUND).
This initiative underscores H.E. President Bola Ahmed Tinubu’s unwavering commitment to supporting Nigerian students, ensuring financial stability throughout their academic pursuits.
Students from the following institutions, whose institutional fees have already been covered by NELFUND, have begun to receive their 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
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 recently committed a further 50 billion Naira from recovered proceeds of crime to support this cause.
NELFUND appreciates the patience and cooperation of students and institutions as the organisation works assiduously to fulfil its commitments to Nigerian students.
Leave a Reply