NELFUND Beneficiaries Association Debunks Rumours of ₦150,000 Upkeep Allowance Increase

The NELFUND Beneficiaries Association Nigeria (NBAN) has dismissed widespread rumours suggesting that the Nigeria Education Loan Fund (NELFUND) has increased students’ upkeep allowance from ₦20,000 to ₦150,000.

In an official statement issued on December 28, 2025, the Association described the claim as false, misleading, and entirely unverified. NBAN clarified that there has been no formal announcement or policy directive from NELFUND indicating any adjustment to the current upkeep allowance.

According to the Association, thorough checks confirmed that NELFUND has not released any statement on its official website or through its recognized communication channels to support the circulating reports. While acknowledging that policy reviews may occur in the future, NBAN stressed that no decision regarding an increase in upkeep allowance has been approved or communicated at this time.

The Association urged all beneficiaries to disregard the rumour and rely strictly on information issued directly by NELFUND through its official platforms. It warned that unverified information could raise false expectations and cause unnecessary confusion among students.

Reaffirming its mandate, NBAN assured beneficiaries nationwide of its commitment to providing accurate, timely, and credible information, as well as engaging relevant authorities whenever necessary. The Association stated that any genuine update on NELFUND allowances would be promptly communicated through its verified channels.

The statement was signed by Aminu Aliyu Ahmad, National President of the NELFUND Beneficiaries Association Nigeria, on behalf of Nigerian student loan beneficiaries.

NBAN can be reached via its official contact line on +234 916 124 7589 and through its verified social media platforms on X (Twitter) at @NELFUNDNG and Facebook at NELFUND Beneficiaries Nigeria Association.