NELFUND is reviewing upkeep payments.

The Nigerian Education Loan Fund (NELFUND) has adopted a new allowance payment structure for beneficiaries of its loan scheme, shifting from a 12-month payment arrangement to a per-session disbursement model.

The fund stated that this change aims to improve operational efficiency. In a statement provided to journalists by the Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, NELFUND explained that variations in academic calendars make it difficult to implement a uniform payment schedule.

Oluwatuyi noted that aligning upkeep disbursements with each institution's academic session will ensure payments are made in a timely and appropriate manner.

The new policy also seeks to avoid duplicating upkeep payments to the same student within the same institution and academic session.