The Nigerian Education Loan Fund (NELFUND) has strongly denied false reports suggesting that it has suspended the monthly upkeep allowance for students.

Many young Nigerians relying on the student loan scheme became worried after a fake notice spread online claiming the payments were paused. The agency made it clear that no such decision has been made and that students should not believe such stories.

This latest rumour comes at a time when more students across the country are benefiting from the education loan programme. NELFUND continues to work hard to provide financial support for tuition and living expenses to help young people pursue higher education without too much burden.

The fake document circulating on social media has caused unnecessary panic among beneficiaries who depend on these funds for their daily needs.

Officials at NELFUND urged students and the public to always check official channels for correct information. They warned that fake news like this can mislead people and create confusion. The agency stressed that its student support programmes are still running smoothly and encouraged everyone to ignore unverified messages.

The student loan initiative aims to make education more accessible to talented young Nigerians from different backgrounds. By offering loans for school fees and upkeep allowances, the government hopes to reduce the financial barriers that stop many from attending university or polytechnic. NELFUND has been expanding its reach to cover more institutions nationwide.

Students are advised to stay calm and focus on their studies while awaiting their regular allowances. The agency promised to keep providing updates through its verified platforms. This quick response from NELFUND shows its commitment to transparency and support for Nigeria’s future leaders.