President Bola Tinubu has officially launched the Nigerian Education Loan Fund (NELFund) at the State House, Abuja.
Following the portal launch, President Tinubu presented symbolic cheques to students and institutions.
This launch comes weeks after the President approved ₦35 billion for the scheme’s takeoff which according to the NELFund CEO Akintunde Sawyerr has over 110,000 loan applications.
The student loan scheme intends to provide financial support, including tuition fees and stipends, to eligible students nationwide.
The board had previously approved loan disbursements to successful applicants during its inaugural meeting last month.
