NELFUND Confirms ₦20,000 Monthly Upkeep Allowance: Ignore Increase Rumors

Update (March 31, 2026): NELFUND has now issued its own official clarification confirming the monthly upkeep allowance is ₦20,000. Students are advised to disregard any contrary information and rely only on official NELFUND communication channels.

Official NELFUND Channels

• Email: [email protected]
• X (Twitter): @nelfund
• Instagram: @nelfund
• Facebook & LinkedIn: Nigerian Education Loan Fund - NELFUND

The NELFUND Beneficiaries Association Nigeria (NBAN) had previously debunked rumors circulating on social media about a significant increase in the NELFUND upkeep allowance. The association clarified that no official announcement has been made regarding any changes to the current allowance structure.

The Rumor

Social media posts have been claiming that NELFUND upkeep allowance has increased from ₦20,000 to ₦150,000. This information is FALSE and misleading.

Previous Clarification from NBAN

According to the NELFUND Beneficiaries Association Nigeria (NBAN), in a statement dated December 28, 2025:

"NELFUND has not published any statement on its official website or through its verified communication channels to support the claim of an upkeep allowance increase."

The statement was signed by Aminu Aliyu Ahmad, National President of NELFUND Beneficiaries Association Nigeria.

Current Status

• NELFUND has officially confirmed the upkeep allowance is ₦20,000 per month
• The rumored ₦150,000 allowance is completely false
• Any future policy changes will be announced through official NELFUND channels

What NELFUND Beneficiaries Should Do

• Disregard all social media claims about upkeep allowance increases
• Do not share unverified information with other students
• Trust only official NELFUND channels listed above
• Contact your institution's NELFUND desk for any queries

How to Verify NELFUND Information

Red Flags to Watch For

• Claims about major policy changes without official sources
• "Breaking news" shared only on personal social media accounts
• Screenshots without verifiable official letterheads
• Financial claims without official NELFUND confirmation

Contact NBAN for Verification

• Phone: +234 916 124 7589
• X (Twitter): @NELFUND_NG