By Zainab Bakare

The Nigerian Education Loan Fund has begun the disbursement of student loans to successful applicants.

This information was contained in a statement released by the agency on its X account.

Recall, the president, Bola Tinubu, on 3 April 2024, signed the Student Loan Act Bill into law.

Contained in the press release titled, “NELFUND Holds Inaugural Board Meeting as Student Loan Disbursement Tops the Agenda,” the agency reiterates its commitment to empowering the next generation of leaders.

“The Nigerian Education Loan Fund (NELFUND) on Wednesday, 26 June 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 of the agenda was the approval for disbursement of student loans 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.”

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