UI Students, Others Receive N20,000 Monthly Stipend

The Management of the Nigerian Education Loan Fund (NELFUND) has announced the successful disbursement of N20,000.00 monthly stipends for the month of July to 20,371 students of six Universities in Nigeria.

This initiative mark the commitment of the Tinubu’s Administration of the Federal to support the Nigerian students by providing them with financial support throughout their academic pursuit.

Read also: Homeless Not Hopeless Supports the Elderly with Palliatives in Ife

NELFUND made it known that students who applied for loans from the institution’s listed below whose institutional fees have already been paid by NELFUND, have also 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

The statement released by the Managing Director of NELFUND stated that the organization is working to ensure the payment process reaches students in 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.

Read also: Oyo SUBEB shuts portal after 52,423 apply for teaching jobs

NELFUND stated that the initiative’s mission is to support the educational aspirations of Nigerian students, by providing financial assistance for them at qualifying institutions and ensuring the timely disbursement of stipends for day to day expenses.

Recall that President Bola Tinubu, on Sunday, committed a further 50 billion Naira from recovered proceeds of crime.

NELFUND therefore appreciated students and institution’s for their patience and cooperation, as the organisation work assiduously to fulfill its  commitments to Nigerian students.