Beneficiaries of the student loan scheme under the Nigeria Education Loan Fund have confirmed payment of the August 2024 stipends.
NELFUND had said the delay in the payment was due to certain security architecture put in place to ensure verification of students’ data.
Sunday PUNCH gathered that students can choose to apply for upkeep loan apart from institutional loans paid directly to institutions.
A total of 20,371 students from six tertiary institutions were said to have been paid a sum of N20,000 each for their July stipends.
The institutions said to have benefitted from the disbursement are Bayero University, Kano State; Federal University, Dutsin-Ma, Katsina State; University of Ilorin, Kwara State; University of Benin, Edo State; University of Ibadan, Oyo State; and University of Maiduguri, Borno State.
Some of the students who spoke to our correspondent confirmed receipt of their upkeep allowances.
A student of the University of Benin who spoke to our correspondent under anonymity said, “Thanks for the earlier story, I have received my August upkeep allowance.”
Another student of the University of Ilorin who also spoke under anonymity said, “The upkeep money was paid two days ago. Initially, we were worried but now we are relieved even though we pray that they increase the upkeep.”
Another student of the institution who simply identified as Julius, said, “Yes, I received my upkeep loan already. Thanks for following up.”
Meanwhile, the National Association of Nigerian Students has called on the Federal Government to increase the monthly stipend from N20,000 to N40,000.