Abuja, Nigeria — July 11, 2025: The Nigerian Education Loan Fund (NELFUND) has resumed disbursement of upkeep payments to student beneficiaries who have successfully updated their bank account information from digital wallet platforms to commercial bank accounts.
Recall earlier that NELFUND started direct disbursement to students as backlogs were being cleared.
This announcement comes as a relief to thousands of students who experienced delays in receiving their financial support. According to NELFUND, over 3,600 students who were previously registered with digital-only banking services have now received their backlog of upkeep payments after updating their banking details on the NELFUND portal.
“This development marks a significant breakthrough in resolving earlier disbursement delays,” NELFUND stated. “We appreciate the patience and understanding of all affected students during this period. Your resilience and cooperation have made this progress possible.”
For students still waiting for their payments, NELFUND is urging action. Those who are still using digital wallet accounts should raise a support ticket via the official NELFUND portal to request access to update their bank details.
Another option is to report the issue through their institution’s IT office, which will gather and forward the necessary information to NELFUND for processing.
“NELFUND remains committed to ensuring that no eligible student is left behind,” the agency emphasized. “This resolution process is part of our broader effort to enhance the efficiency, transparency, and student-centered delivery of our support services.”
The agency is also encouraging students to use only official communication channels and to help others who might need support during the update process.
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With the resumption of upkeep disbursements, NELFUND reaffirms its goal of delivering a reliable student loan experience, strengthening financial aid systems, and supporting access to higher education in Nigeria through streamlined loan services and banking integration.