According to her, the approved upkeep allowance for beneficiaries remains N20,000 monthly.
The Nigerian Education Loan Fund (NELFUND) says the approved monthly upkeep allowance for beneficiary students under its scheme remains N20,000.
The agency made the clarification in a statement issued on Monday in Abuja by its Director of Strategic Communications, Oseyemi Oluwatuyi.
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Mrs Oluwatuyi said the clarification became necessary following misinformation circulating on social media, suggesting that the monthly allowance had been increased to N25,000.
She advised students to disregard such reports and rely solely on official communication channels of the Fund for accurate information.
According to her, the approved upkeep allowance for beneficiaries remains N20,000 monthly.
Mrs Oluwatuyi reaffirmed NELFUND's commitment to transparency, efficiency and the delivery of student-focused support across the country.
She appreciated students for their cooperation and urged beneficiaries to seek clarification through the Fund's official platforms whenever necessary.
The director said inquiries or requests for assistance could be directed to the Fund through its official email and verified social media handles.
She added that NELFUND would continue to provide timely updates to ensure beneficiaries receive accurate and verified information.
(NAN)
