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The Nigerian Education Loan Fund says it has approved the immediate disbursement of student loans to successful applicants.
NELFUND at its inaugural board meeting took the decision at its inaugural board meeting on Wednesday, as confirmed in a statement signed by its its Head, Media and Public Relations, Nasir Ayitogo.
The statement said: “The Nigerian Education Loan Fund (NELFUND) on Wednesday, June 26, 2024 held the inaugural meeting of its board in Abuja.
“The meeting marked a significant milestone in the organisation’s commitment to empowering students through financial support.
“Under the leadership of the Board Chairman, Mr. Jim Ovia, top in agenda was the approval for disbursement of student loan to successful applicants.
“This decision underscores President Bola Ahmed Tinubu’s dedication to providing timely and essential financial assistance to students in need, enabling them to pursue their educational goals without undue financial stress.
“By approving the immediate disbursement of the loans, NELFUND is taking a critical step in fulfilling its mission to support education and empower the next generation of leaders.
“Also present at the meeting were the management of the fund led by the Managing Director/CEO, Mr Akintunde Sawyerr and representatives of member organisations”.
