NELFUND Alert: ₦161 Billion Dropped! How to Handle the Cash & Future Taxes

The eagle has landed! 🦅 NELFUND has officially disbursed ₦161.97 billion to 864,798 students across Nigeria. This isn't just "free money"—it's a investment in your future, and it comes with some "Street Rules" you need to know.

1. The Upkeep Allowance (Cash for Food & Books)

Already, 11,685 students have started receiving their unpaid upkeep allowances. If your portal says "Disbursed" but your alert hasn't dropped, stay calm—the banks are processing the backlog. Check your registered account tonight!

2. The "TIN" Connection (Tax Identification)

Here’s the catch most people miss: To repay these loans in the future, the government is linking NELFUND profiles to your TIN (Tax Identification Number). Once you start earning above ₦800k/year after graduation, the NRS will automatically start calculating your repayment. You're building a credit score now!

3. 2026 and Beyond: The Roadmap

The scheme is being structured to focus on technical skills and high-demand degrees. If you're studying for the future economy (Tech, Engineering, Law), you're the MVP of this disbursement phase.

Street Tip: Don't blow your upkeep allowance on "vibes" alone. Use our Salary Planner to see how much you'll need to earn post-graduation to clear your loan and still live big!