Key takeaways
- The National Association of Nigerian Students (NBAN) has officially dismissed recent rumours that the Nigerian Education Loan Fund (NELFUND) has increased its monthly upkeep allowance from ₦20,000 to ₦150,000.
- In a statement released on 28 December 2025, NBAN clarified that NELFUND has not made any such announcement through its verified platforms.
- What NBAN Said According to NBAN, the claim that NELFUND raised the upkeep allowance to ₦150,000 is not confirmed and remains unsubstantiated.
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