The Nigerian Education Loan Fund has dismissed reports that it stopped paying upkeep allowances to students, saying disbursements continue as planned.
NELFUND issued the statement to counter what it called misinformation circulating about its operations. The fund, which provides loans and support to students in Nigerian universities, said beneficiaries should disregard false claims about payment delays or suspension.
Students across the country have grown anxious about loan disbursements in recent months, with some taking to social media to report gaps in payments. NELFUND's clarification suggests the fund wants to reassure loan beneficiaries that the system remains active despite the chatter.
The upkeep allowance is meant to help students cover living expenses while studying. NELFUND manages the scheme on behalf of the federal government, disbursing funds to approved students in tertiary institutions.
The fund did not specify exactly how many students are currently receiving payments or provide fresh figures on total disbursements. It also did not name which reports it considered false or detail where the misinformation originated.
Students who believe they should have received payments but have not should contact NELFUND's customer service to verify their status and resolve any issues with their accounts.
