NELFUND has sparked joy among university students who received the funds, prompting them to start celebrating.
The N20,000 stipend payment from the Nigerian Education Loan Fund has sparked joy among university students who received the funds, prompting them to start celebrating. The fund recently announced the successful disbursement of N407.4million upkeep allowance to 20,371 students from six tertiary institutions. According to the agency, each student received the sum of N20,000.
Muhammad Ali Mustapha, a 200 Level undergraduate of University of Maiduguri, said the upkeep would enable him to focus on his studies without having to worry his father about daily transport fare to his institution. “It has eased the burden of asking my parents for upkeep every week. Although the upkeep is small, it will not only help to cushion the effect of economic hardship, I will now focus on my studies,” she said.
“The loan has eased the financial burden on me because I am the one taking care of my education. I will use it for transport, handout and purchase some basic things,” he said. “I was previously burdened with securing loans from cooperatives, family members and colleagues to cover school fees for my children, but the news of the student loan programme, shared by my daughter in UNIBEN, has brought unparalleled joy. With the government covering fees and providing a stipend, I’m now hopeful and eagerly awaiting disbursement for my other two children”.
He was, however, countered by Adebayo @baz_2411 who argued that doing so would violate our data protection laws.The cardinal programme, managed by NELFUND under the leadership of Akintunde Sawyerr, seeks to address the challenge of financial constraints in accessing higher education by providing interest-free loans to students in public tertiary institutions struggling to pay fees as well as a monthly stipend of N20,000.
“I saw in them the genuine pursuit and intention for the Nigerian students to gain from this loan. In the first place, this is what we read of in other climes. For the Executive Director, Civil Society Legislative Advocacy Centre and Head of Transparency International , Auwal Musa Rafsanjani, President Tinubu and NELFUND Management must be applauded for their dedication to promoting accessible and inclusive education for all Nigerian students.
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