The Nigerian Education Loan Fund (NELFUND) has resumed the disbursement of upkeep allowances to students, following the resolution of persistent payment delays linked to digital banking platforms.
In a statement issued by the agency, NELFUND explained that the delay was due to compatibility issues between its payment systems and digital-only banks. To address this, affected students were directed to update their bank details on the loan portal, switching from digital wallets to conventional commercial bank accounts.
The move has now resulted in a significant breakthrough, with over 3,600 students confirmed to have received their outstanding allowances after successfully completing the required updates.
Students still experiencing similar issues have been advised to contact the ICT departments of their respective institutions for assistance.
NELFUND reaffirmed its commitment to transparency, inclusivity, and timely service delivery, noting that the current intervention is part of a wider effort to strengthen its operational efficiency and improve student access to support services.
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