Would you like to receive notifications on latest updates of the following headlines?

NELFUND Approves Disbursement of Student Loan

POSTED ON June 27, 2024 •   Education      BY Benedicta Bassey
Photo of graduating students/ Photo credit: ChannelsTv

The Nigerian Education Loan Fund has approved the disbursement of student loan to successful applicants.

NELFUND held its inaugural board meeting on Wednesday, marking a milestone in its mission to support students with financial aid.

Chairman of NELFUND,  Mr Jim Ovia,  approved the immediate disbursement of student loans to successful applicants.
This was made known via a statement obtained from the agency X account on Thursday.

The press release was titled, “NELFUND Holds Inaugural Board Meeting as Student Loan Disbursement Tops Agenda," and signed by the Fund's Head, Media and Public Relations, Nasir Ayitogo.

The meeting, attended by the fund’s management and representatives of member organisations, also laid the groundwork for future initiatives to enhance educational opportunities and support students across various disciplines.

The approval of the loans by NELFUND signifies a step towards empowering the next generation of leaders through education.

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.

Tinubu had on April 3, 2024, signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.

The registration for the programme took off in May with 1.2 million students in federal tertiary institutions across the country – starting the first batch.

READ ALSO
JAMB Schedules 2025 UTME Mop-Up Exam for June 28, 2025
BY Abiodun Saheed Omodara June 22, 2025 0

The Joint Admissions and Matriculation Board (JAMB) has scheduled the 2025 Unified Tertiary Matricul...

READ ALSO
Nigerian Rectors Advocate for AI Integration in Technical Training
BY Abiodun Saheed Omodara June 22, 2025 0

The Rector of Yaba College of Technology, Dr. Ibraheem Abdul, and the Rector of the Federal Polytech...

READ ALSO
House of Representatives Exonerates Togo from Fraudulent Certificate Accusations
BY Abiodun Saheed Omodara June 20, 2025 0

The House of Representatives has cleared the Republic of Togo from any accusations related to the is...

READ ALSO
Tinubu Signs Bills for New Educational Institutions
BY Abiodun Saheed Omodara June 17, 2025 0

President Bola Ahmed Tinubu has enacted three bills sponsored by Deputy Speaker of the House of Repr...

READ ALSO
NEITI, TETFund Join Forces to Ensure Effective Use of Educational Funds
BY Abiodun Saheed Omodara June 17, 2025 0

The Nigeria Extractive Industries Transparency Initiative (NEITI) has reported that over N1.02 trill...

READ ALSO
Full Transition to Computer-Based Testing by 2026 Is Unrealistic - Danjuma
BY Abiodun Saheed Omodara June 13, 2025 0

The national president of the Parents-Teachers Association of Nigeria, Haruna Danjuma, has criticize...

READ ALSO
NUT Commends Tinubu TVET Program to Boost Skills and Entrepreneurship
BY Abiodun Saheed Omodara June 8, 2025 0

ABUJA, Nigeria (NAN) - The Nigeria Union of Teachers has praised President Bola Tinubu’s groun...

READ ALSO
Students mobilise for Malaria Contest with N1b Geneith health
BY Abiodun Saheed Omodara June 5, 2025 0

In an effort to tackle one of Nigeria’s deadliest diseases, Geneith Pharmaceuticals Ltd has la...

OUR CHANNELS:

Qatar Closes Airspace After Iranian Strike on U.S. Base in Doha
BY Abiodun Saheed Omodara June 24, 2025 0

In a swift move to safeguard lives and property, the government of Qatar has closed its airspace fol...


Tinubu Launches National Mechanised Farming Programme to Tackle Food Insecurity
BY Abiodun Saheed Omodara June 24, 2025 0

In a bid to combat food insecurity and encourage youth participation in farming, President Bola Tinu...


NGX Opens Week Bullish, Gains N279bn Amid Renewed Investor Confidence
BY Abiodun Saheed Omodara June 24, 2025 0

The Nigerian Exchange Limited (NGX) commenced the trading week on a bullish trajectory, adding N279...


EFCC Urges Students to Shun Internet Fraud, Embrace Positive Online Ventures
BY Abiodun Saheed Omodara June 24, 2025 0

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on Ni...


Abia Govt Vows Crackdown After Cult Clash Leaves One Dead
BY Abiodun Saheed Omodara June 24, 2025 0

ABIA, Nigeria - A suspected cultist was shot dead while another was apprehended following a violent...


Tinubu Showoff Chicago Classmate Amid Lingering Certificate Forgery Controversy
BY Abiodun Saheed Omodara June 24, 2025 0

ABUJA, Nigeria - Amid ongoing public debate over his academic credentials, President Bola Tinubu on...


Oil Prices Surge Amid U.S. Airstrikes on Iran's Nuclear Sites
BY Abiodun Saheed Omodara June 24, 2025 0

Oil prices rose on Monday while the dollar gained strength following the U.S. airstrikes on Iran's n...


POS Terminals Drive N223tn in Transactions Amid Shift From ATMs
BY Abiodun Saheed Omodara June 23, 2025 0

Point of Sale (POS) terminals processed transactions worth N223.27 trillion in 2024, marking a drama...


Ned Nwoko’s Second-Term Endorsement Sparks Rift in Delta North APC
BY Abiodun Saheed Omodara June 24, 2025 0

DELTA, Nigeria - The endorsement of Senator Ned Nwoko for a second term as representative of Delta N...


AFN Will Not Block Favour Ofili’s Switch to Turkey – Okowa
BY Abiodun Saheed Omodara June 23, 2025 0

President of the Athletics Federation of Nigeria (AFN), Tonobok Okowa, has stated that the federatio...


More Articles

Load more...

Menu