President Bola Tinubu on Wednesday launched the Nigerian Education Loan Fund (NELFund) in the council chamber of the State House, Abuja.
In attendance at the inauguration were 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.
After launching the portal, President Tinubu handed out symbolic cheques to students and some institutions.
On his part, the MD/CEO of the Nigerian Education Loan Fund, Akintunde Sawyerr, said the portal has received over 110,000 loan applications so far.
This initiative aims to provide financial assistance, including school fees and stipends, to eligible students across the country.
The initial phase of the program is expected to benefit over 1.2 million students.
