In a landmark move, the Nigerian Education Loan Fund (NELFUND) has approved the disbursement of student loans to successful applicants. This announcement came after NELFUND’s inaugural board meeting on June 26, 2024, marking a significant step in the agency’s mission to provide financial aid to students.
Contents
Our Data Prices On Alrahuzdata:
- MTN SME 1: N255 per 1GB
- MTN SME 2: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: [JMData] https://play.google.com/store/apps/details?id=com.encrypted.jmdata
Key Highlights from the Inaugural Board Meeting
Held in Abuja, the meeting was led by NELFUND’s Chairman, Mr. Jim Ovia, and attended by the fund’s management and representatives from various member organizations. The primary agenda of the meeting was the approval of student loans, aligning with President Bola Ahmed Tinubu’s vision of improving access to higher education.
A statement from NELFUND’s Head of Media and Public Relations, Nasir Ayitogo, revealed that the board approved the immediate disbursement of student loans to successful applicants. The press release, titled “NELFUND Holds Inaugural Board Meeting as Student Loan Disbursement Tops Agenda,” highlighted the importance of this decision in empowering the next generation of Nigerian leaders.
A Step Towards Educational Empowerment
The approval of these loans is seen as a crucial step in fulfilling NELFUND’s mission to support education and alleviate the financial burden on students. The statement emphasized the organization’s commitment to making quality education accessible and affordable for all Nigerian students.
CLICK THE LINK TO JOIN: https://t.me/pixelversexyzbot?start=5289508979
According to the release, “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.”
Related News
Future Initiatives and Commitments
The board meeting also laid the groundwork for future initiatives aimed at enhancing educational opportunities across various disciplines. NELFUND’s Managing Director/CEO, Mr. Akintunde Sawyerr, along with representatives from member organizations, were present to discuss and plan these initiatives.
Background on the Student Loan Program
The approval follows President Tinubu’s signing of the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law on April 3, 2024. Registration for the program began in May, with 1.2 million students from federal tertiary institutions across the country participating in the first batch.
Checking Your Loan Status
Students who have applied for the loan can check the status of their application on the official NELFUND portal at nelf.gov.ng.
Conclusion
NELFUND’s approval of student loans is a pivotal moment for Nigerian education, reflecting a dedicated effort to support students financially and promote higher education. As the disbursement process begins, it is expected to provide significant relief to students and their families, fostering a more educated and empowered generation.
For more details, visit the source article.
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news
Discover more from Allmedia24 News
Subscribe to get the latest posts to your email.
