Victoria Mgbanwa
The Nigerian Education Loan Fund has announced the launch of the student loan scheme by President Bola Tinubu which is slated to hold on Wednesday, July 17, at the state House.
The Board chairperson, Mr Jim Ovia, during its inaugural meeting in Abuja last month, approved the disbursement of loans to successful applicants.
According to him, by approving the immediate disbursement of the loans, (NELFund) has taken a critical step in fulfilling its mission to support education and empower the next generation of leaders.”
Recall that the student loan scheme, was created to provide financial support to eligible students nationwide, including school fees and stipends. Over 1.2 million students are expected to benefit from the programme’s first phase.
