By Milcah Tanimu
The nigerian education loan fund (nelfund) has approved the distribution of student loans to successful applicants. Nelfund recently held its inaugural board meeting, marking a significant milestone in its mission to provide financial assistance to students. Chaired by jim ovia, the board authorized the immediate disbursement of loans.
The approval was confirmed in a statement released by nelfund via its official x account on wednesday. The press release, titled “nelfund holds inaugural board meeting as student loan disbursement tops agenda,” was signed by nasir ayitogo, the head of media and public relations.
The meeting, attended by the fund’s management and representatives from member organizations, also laid the foundation for future initiatives aimed at improving educational opportunities and supporting students in various fields of study. This approval aligns with president bola ahmed tinubu’s vision of enhancing the quality of education and making it affordable for all.
The statement emphasized president tinubu’s dedication to providing essential financial assistance to students, enabling them to pursue their educational goals without financial stress. Nelfund’s decision to disburse the loans immediately is a critical step in fulfilling its mission to support education and empower future leaders.
The meeting was also attended by the managing director/ceo, akintunde sawyerr, and representatives of member organizations.
On april 3, 2024, president tinubu officially enacted the student loans (access to higher education) act (repeal and re-enactment) bill, 2024. Registration for the program began in may, attracting 1.2 million students to federal higher education institutions nationwide.
