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President Bola Tinubu launched the Nigerian Education Loan Fund (NELFund) in the council chamber of the State House in Abuja.
In attendance at the inauguration is the leadership of the National Assembly, the Secretary to the Government of the Federation, some ministers, heads of agencies, and members of the board and management team of the Nigerian Education Loan Fund led by the board chairman, Jim Ovia.
President Tinubu commended the Chairman of the Fund, Jim Ovia, and the Managing Director, Akintunde Sawyerr, for their efforts in driving the critical agency.
The President expressed his determination to ensure the success of the Fund and the fulfilment of the dream of higher education by indigent Nigerian students.
The MD/CEO of the Nigerian Education Loan Fund, Akintunde Sawyerr, said the portal has received over 110, 000 loan applications so far.
Ovia had approved the disbursement of loans to successful applicants during its inaugural meeting in Abuja last month.
The student loan scheme seeks to provide financial support, including school fees and stipends, to eligible students nationwide.
Over 1.2 million students are expected to benefit from the first phase of the programme.
Bola Tinubu-President, Federal Republic of Nigeri
Akintunde Sawyerr-MD/CEO of the Nigerian Education Loan
Jim Ovia-Board Chairman
