Tinubu’s Govt Pays N20,000 Monthly Stipend To Students From UI, UNIBEN, 4 Other Universities
- No fewer than 20,371 students from six tertiary institutions have been paid N20,000 monthly stipends for July 2024
- The Nigerian Education Loan Fund (NELFUND) said the University of Ilorin, (UNILORIN), the University of Benin (UNIBEN), the University of Ibadan (UI) and three others
- The NELFUND director of finance, Ibom Uche, said 55 tertiary institutions will soon be added to the monthly stipends list
Legit.ng journalist Adekunle Dada has over 5 years of experience covering basic and tertiary education in Nigeria and worldwide
FCT, Abuja - The Nigerian Education Loan Fund (NELFUND) said 20,371 students from six tertiary institutions have been paid N20,000 monthly stipends for July 2024.
The NELFUND director of finance, Ibom Uche, said the Fund is working towards paying students from approximately, “55 additional tertiary institutions.
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Ibom disclosed this in a statement issued on Monday, August 5, The Punch reports.
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He listed the six universities as:
- Bayero University Kano (BUK) in Kano state
- Federal University, Dutsin-Ma in Katsina state
- University of Ilorin, (UNILORIN) Kwara state
- University of Benin (UNIBEN) in Edo state
- University of Ibadan (UI) in Oyo state
- University of Maiduguri (UNIMAID) in Borno state
“It is anticipated that this will be concluded within the next two weeks as the fund is committed to ensuring that all eligible students receive their stipends promptly.”
He added that President Bola Tinubu had further committed the sum of N50bn to the student loan cause, Leadership reports.
“It is noteworthy that the President only Sunday committed a further 50 billion Naira from recovered proceeds of crime.
“NELFUND appreciates the patience and cooperation of students and institutions as the organisation works assiduously to fulfill its previously made commitments to Nigerian students.”
Over 60,000 apply for NELFUND loans
Meanwhile, Legit.ng reported that NELFUND recorded over 60,000 students from federal tertiary institutions
NELFUND's managing director, Akintinde Sawyerr, urged the remaining institutions to expedite their data submission. The agency plans to open its loan application portal to state-owned tertiary institutions on June 25.
The student loan portal was recently opened for student applications at 126 tertiary institutions, including federal universities, Polytechnics, and Colleges of Education.
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Source: Legit.ng
