A total of 20,371 students have been credited with ₦20,000 monthly stipends for July from the Nigerian Education Loan Fund (NELFUND).
The beneficiaries of the monthly upkeep are from six (6) tertiary institutions; Bayero University, Kano; Federal University, Dutsin-Ma; University of Ilorin (UNILORIN); University of Benin (UNIBEN); University of Ibadan (UI) and University of Maiduguri.
The Director, Finance and Accounts of NELFUND, Mr. Ibom Uche announced the disbursement in a statement issued on Monday.
According to the statement, the 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. 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,” the statement partly reads.
It disclosed that the organisation 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.
The statement added: “It is noteworthy that the President only Sunday committed a further 50 billion Naira from recovered proceeds of crime.”
NELFUND expressed gratitude to the students and institutions for their patience and cooperation as it works assiduously to fulfill its previously made commitments to Nigerian students.
