The Nigerian Education Loan Fund (NELFUND) has approved the disbursement of student loan to successful applicants.
This was made known in a late Wednesday statement titled: “NELFUND Holds Inaugural Board Meeting as Student Loan Disbursement Tops Agenda” on the agency’s X account.
The statement read, “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 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,” it concluded.
NELFUND held its inaugural board meeting on Wednesday, marking a milestone in its mission to support students with financial aid.
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