Student Loan Scheme Not Suspended -NELFUND

Student Loan Scheme Not Suspended -NELFUND Student Loan Scheme Not Suspended -NELFUND
Student Loan Scheme Not Suspended -NELFUND. Credit: Money Life

The Nigerian Education Loan Fund has rejected a notice circulating online that claimed the agency paused its student loan disbursement programme, calling the document fraudulent.

In a post on X on Saturday, NELFUND stated that it had issued no such directive and asked the public to ignore the message.

The false notice alleged that “due to unforeseen operational circumstances… NELFUND has taken the difficult decision to temporarily pause the student loan disbursement programme with immediate effect.”

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But the agency responded, saying that the “document is fake”.

NELFUND asked the public to ignore the letter, noting that it had not issued any such directive.

The denial comes as the government reports that more than one million students have benefited from the scheme since its launch.

Government data indicates the programme has spent over N1.1 billion, with an additional 160,000 young people receiving digital skills training under related initiatives.

Author

  • Jimisayo Opanuga

    Jimisayo Opanuga is a web writer in the Digital Department at News Central TV, where she covers African and international stories. Her reporting focuses on social issues, health, justice, and the environment, alongside general-interest news. She is passionate about telling stories that inform the public and give voice to underreported communities.

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