NELFUND Addresses Delay in August Stipend Payment

 OFFICIAL STATEMENT

NELFUND Addresses Delay in August Stipend Payment

September 12, 2024

The Nigerian Education Loan Fund (NELFUND) would like to update students on the delay in the disbursement of the August stipends, which is currently due to ongoing payment processing.

As part of our commitment to safeguarding public funds, we are carrying out the necessary security checks to ensure that the stipends are accurately distributed to the appropriate beneficiaries.

We recognize that this process might cause some inconvenience; however, it is vital to our dedication to transparency and accountability and to maintaining the integrity of the student loan program.

We kindly request your patience and understanding as we work to complete the disbursement with the same diligence that has characterized our efforts to date.

Our mission remains focused on empowering students and improving access to higher education throughout Nigeria.

We are making every effort to expedite the disbursement process as quickly as possible.

We value the feedback from students and appreciate the level of engagement shown in tracking the progress of the upkeep payments.

This engagement underscores the importance of the student loan program, and we remain committed to supporting your academic endeavors, as we have done with past payments.

Signed:

Mrs. Oseyemi Oluwatuyi,

Director, Corporate Communications 

Nigerian Education Loan Fund (NELFUND)