Nigerian Education Loan Fund, wey dem dey call NELFUND, don come out to say the rumour wey dey fly for social media about government suspending upkeep allowance for student loan scheme na fake.
Di Director of Strategic Communications, Oseyemi Oluwatuyi, for one statement say the reports wey dey circulate na false and misleading, and dem design am to create panic and distrust among students and the public.
NELFUND clear say neither the Federal Government nor the agency don issue any directive to suspend upkeep allowance payments. The agency also disown one viral newspaper cover wey dey share online, say e no come from Nigerian Tribune.
Oluwatuyi explain say the newspaper cover na AI-generated, no be genuine publication from The Nigerian Tribune. He urge the public to disregard unverified information.
NELFUND state say no directive don come from Federal Government or NELFUND concerning suspension of upkeep allowances. The publications wey dey circulate no originate from NELFUND or any authorised government channel.
Di agency say e remain committed to transparent and efficient disbursement of student loans and upkeep support according to di mandate. NELFUND urge students, parents, and stakeholders to ignore fake reports and rely only on verified information from official communication platforms and credible media organisations.
NELFUND also caution the public against sharing unverified content wey fit spread misinformation and create unnecessary anxiety nationwide.
Di Fund disclose say dem don receive total of 1,797,729 applications since di launch of di student loan scheme, and 1,586,921 students don benefit from di initiative so far.
Di student loan programme, wey dem introduce under di Federal Government’s Renewed Hope Agenda, provide zero-interest financial support to students for public tertiary institutions across di country.
For di repayment structure, beneficiaries go start repayment two years after dem finish di National Youth Service Corps programme.
