NELFUND student loan

N20k Stipend Alert: Students Rejoice as NELFUND Smashes Disbursement Records!

Attention Nigerian students! NELFUND is handing out N20,000 monthly stipends to over 20,000 young scholars! Get your slice of the pie!

The Nigerian Education Loan Fund (NELFUND) has sparked a wave of excitement among students by successfully disbursing a generous N20,000 July stipend to 20,371 students enrolled in six prestigious tertiary institutions. This initiative aims to ease the financial burden faced by students, especially in a time when education costs are soaring. Launched to uplift the academic landscape, NELFUND stands as a beacon of hope for students who need financial support to pursue their dreams.

In a remarkable statement, NELFUND's management confirmed that this stipend will go a long way in supporting students financially, allowing them to focus more on their studies rather than worrying about day-to-day expenses. But that’s not all—NELFUND plans to broaden its reach significantly by extending these stipends to an additional 55 institutions within just two weeks! This expansion reflects a strong commitment to ensuring that a larger number of students benefit from this revolutionary initiative.

The approval of N45.6 billion in student loans by President Bola Tinubu has further amplified this financial support. Many stakeholders are optimistic that this initiative will restore the dreams of thousands of Nigerian students, turning academic aspirations into reality. The disbursement of funds has also been hailed as a wise investment in the future of Nigeria, as educated citizens are crucial in driving the nation's progress.

On a lighter note, can you imagine how much jollof rice N20,000 could buy? Over 100 steaming plates for your next study group!Joking aside, the June-July period sees an influx of financial assistance for students, and as students wait eagerly for their stipends, the excitement in the air is palpable. With NELFUND at the forefront, the future looks bright for Nigerian students!