The Nigerian Education Loan Fund (NELFUND) on Wednesday, at the inaugural meeting of its board in Abuja, approved the disbursement of student loans to successful applicants.
A statement on the agency’s X (formerly Twitter) signed by Nasir Ayitogo, Head, Media and Public Relations at NELFUND, quoted the meeting as marking a significant milestone in the organization’s commitment to empowering students through financial support.
NELFUND said that the 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,” Ayitogo said.
Daily Newslead understands that the inaugural meeting also set the stage for future initiatives aimed at enhancing educational opportunities and providing comprehensive support to students across various disciplines.
Present at the meeting were the Board Chairman, Mr. Jim Ovia, and the management of the fund led by the Managing Director/CEO, Mr. Akintunde Sawyerr and representatives of member organizations.
