Politics

JUST IN: NELFUND approves scholar mortgage disbursement

The Nigerian Education Loan Fund has authorised the disbursement of scholar mortgage to profitable candidates.

NELFUND held its inaugural board assembly on Wednesday, marking a milestone in its mission to assist college students with monetary help.

Under the management of its Chairman, Mr Jim Ovia, the board authorised the speedy disbursement of scholar loans to profitable candidates.

A late Wednesday assertion obtained from the company’s X account revealed this.

The press launch was titled, “NELFUND Holds Inaugural Board Meeting as Student Loan Disbursement Tops Agenda.”

It was signed by its Head, Media and Public Relations, Nasir Ayitogo.

The assembly, attended by the fund’s administration and representatives of member organisations, additionally laid the groundwork for future initiatives to boost academic alternatives and assist college students throughout varied disciplines.

The approval of the loans by NELFUND signifies a step in direction of empowering the subsequent technology of leaders by means of training.

The assertion learn, “The Nigerian Education Loan Fund (NELFUND) on Wednesday, June 26, 2024 held the inaugural assembly of its board in Abuja.

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“The assembly marked a major milestone within the organisation’s dedication to empowering college students by means of monetary assist.

“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.”

According to the assertion, this section align with the presidency’s dream of bettering the standard of training and making it reasonably priced for all.

“This choice underscores President Bola Ahmed Tinubu’s dedication to offering well timed and important monetary help to college students in want, enabling them to pursue their academic objectives with out undue monetary stress.

“By approving the speedy disbursement of the loans, NELFUND is taking a crucial step in fulfilling its mission to assist training and empower the subsequent technology 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 legislation.

The registration for the programme took off in May with 1.2 million students in federal tertiary establishments throughout the nation – beginning the primary batch.

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