The Nigerian Education Loan Fund (NELFUND) has approved the disbursement of federal government-backed student loans following its inaugural board meeting in Abuja.
The meeting, led by Board Chairman Mr. Jim Ovia, highlighted President Bola Ahmed Tinubu’s commitment to providing financial assistance to students, saying this decision is intended to alleviate financial stress for students and support their educational goals.
The meeting also addressed future initiatives to enhance educational opportunities.
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The announcement comes after a 14-day postponement of the application process due to low data submissions from state institutions. The new application window will open on July 10, 2024.
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