{"id":2134,"date":"2026-03-31T13:09:17","date_gmt":"2026-03-31T13:09:17","guid":{"rendered":"https:\/\/neptuneprime.com.ng\/old\/?p=2134"},"modified":"2026-03-31T13:09:18","modified_gmt":"2026-03-31T13:09:18","slug":"nelfund-debunks-rumours-of-student-allowance-increase-to-%e2%82%a625000","status":"publish","type":"post","link":"https:\/\/neptuneprime.com.ng\/old\/2026\/03\/31\/nelfund-debunks-rumours-of-student-allowance-increase-to-%e2%82%a625000\/","title":{"rendered":"NELFUND debunks rumours of student allowance increase to \u20a625,000"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The Nigerian Education Loan Fund (NELFUND) has refuted claims that it has raised the monthly upkeep allowance for students under its loan scheme to \u20a625,000, describing the reports as misleading.<\/p>\n\n\n\n<p>In a statement released on Monday, the Fund clarified that the approved monthly stipend remains \u20a620,000, urging students and the public to ignore contrary information circulating in some quarters.<\/p>\n\n\n\n<p>According to the statement signed by the Director of Strategic Communications, Oseyemi Oluwatuyi, no official decision has been made to increase the allowance, despite widespread speculation suggesting otherwise.<\/p>\n\n\n\n<p>\u201cThe approved upkeep allowance remains \u20a620,000 monthly, and not \u20a625,000 as being reported,\u201d the Fund stated, cautioning against the spread of unverified information.<\/p>\n\n\n\n<p>NELFUND further advised beneficiaries to rely only on its official communication channels for accurate updates on the student loan scheme, noting that misinformation could cause unnecessary confusion among students nationwide.<\/p>\n\n\n\n<p>Reaffirming its commitment to transparency and efficient service delivery, the agency expressed appreciation for the continued cooperation of beneficiaries and encouraged students seeking clarification to reach out through its official email and verified social media platforms.<\/p>\n\n    <div class=\"xs_social_share_widget xs_share_url after_content \t\tmain_content  wslu-style-1 wslu-share-box-shaped wslu-fill-colored wslu-none wslu-share-horizontal wslu-theme-font-no wslu-main_content\">\n\n\t\t\n        <ul>\n\t\t\t        <\/ul>\n    <\/div> \n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Education Loan Fund (NELFUND) has refuted claims that it has raised the monthly upkeep allowance for students under its loan scheme to \u20a625,000, describing the reports as misleading. In a statement released on Monday, the Fund clarified that the approved monthly stipend remains \u20a620,000, urging students and the public to ignore contrary information [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[611,37],"tags":[423,768,771,767,770,769],"class_list":["post-2134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-news","tag-allowance","tag-debunks","tag-increase","tag-nelfund","tag-of-students","tag-rumours"],"_links":{"self":[{"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/posts\/2134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/comments?post=2134"}],"version-history":[{"count":1,"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/posts\/2134\/revisions"}],"predecessor-version":[{"id":2136,"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/posts\/2134\/revisions\/2136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/media\/2135"}],"wp:attachment":[{"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/media?parent=2134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/categories?post=2134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neptuneprime.com.ng\/old\/wp-json\/wp\/v2\/tags?post=2134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}