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The Nigerian Education Loan Fund (NELFUND) announced yesterday that individuals who have dropped out but are still receiving stipends will be removed from the list of beneficiaries....Don’t Miss Out! CLICK HERE TO KEEP READING..>>
Mr. Mustapha Iyal, the Executive Director of Operations, has confirmed that the initiative to enhance NELFUND’s system and database is now at its peak.
Mr. Mustapha Iyal, the Executive Director of Operations, has confirmed that the initiative to enhance NELFUND’s system and database is now at its peak.
He said, “What we’re aiming to do right now is to update our system. And part of the update that we’re doing presently is updating the students’ database.
“This is because, without the update, you don’t know who is out of school. So, what we’re doing right now is that we’re dealing with institutions.
“In just 220 days, we have received an impressive 364,042 applications with an average of 1,000 applications per day.
“I am proud to announce that N22,736,960,971 has been disbursed to cover institutional fees across 240 institutions, directly benefiting 215,514 students.
“Furthermore, a total of N12,818,960,000 has been disbursed as upkeep support, reaching 169,114 students, each receiving N20,000 monthly to assist with their living expenses.
“As part of our commitment to efficiency, transparency, and continuous improvement, we are here to formally announce the closure of the 2023/2024 application cycle on our student loan portal.”
