Nigerians applaud as the Nigerian Education Loan Fund (NELFUND) said it has approved the disbursement of students’ loan
The management of the Nigerian Education Loan Fund (NELFUND), on Wednesday, June 26, 2024, disclosed that it had approved the disbursement of students loan to successful applicants.
The decision was reached during the Fund’s inaugural board meeting, presided over by its chairman, Mr Jim Ovia.
Head, Media and Public Relations, NELFUND, Nasir Ayitogo, in a statement, said the students loan topped agenda during the inaugural meeting held in Abuja.
According to him, “The meeting marked a significant milestone in the organization’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.
“The inaugural meeting also set the stage for future initiatives aimed at enhancing educational opportunities and providing comprehensive support to students across various disciplines.
“Also present at the meeting were the management of the fund led by the Managing Director/CEO, Mr Akintunde Sawyerr and representatives of member organizations,” the statement read.
