Beneficiaries complain as NELFUND disburses N59.8bn
Agency Report
The Nigerian Education Loan Fund (NELFUND) said its disbursements to students under the loan scheme reached N59.8 billion as of June 5, 2025.
The Fund disclosed this in its status report released on Saturday, where it revealed that the number of Nigerian students benefitting from the scheme stood at 298,124.
A breakdown of the disbursements shows that the sum of N30.2 billion was disbursed for institutional fees, while N29.6 billion was disbursed for the students’ upkeep.
However, reacting to the report, some of the beneficiaries complained that they have not received their upkeep allowance for April, let alone May.
The announcement by NELFUND has not gone down well with some of the beneficiaries, who expressed their anger under the post shared on X (formerly Twitter) by the organization
An X user identified as @Temmy_Dayo_ _, said that while those who had issues with their accounts had not been paid since last year, those without any issue were yet to receive their April allowance.
“Pay upkeep to thousands of students that corrected their accounts details since last year. Even our April payment status is showing “disbursed” when we have not received any upkeep at all. You people are thieves. You people are not transparent at all,” he posted.
