- NELFUND had an inaugural board meeting during which it approved the disbursement of student loans
- This new development was stated on NELFUND'S ‘X’ official platform
- This development provoked reactions from people online
The Nigerian Education Loan Fund (NELFUND) held its inaugural board meeting on Wednesday, June 27, 2024. The meeting marked a significant milestone by approving the disbursement of student loans to successful applicants.
This was done under the aegis of Jim Ovia, the chairman of NELFUND, and the board proceeded to give a report of the inaugural meeting.
According to the statement written on the official X account of NELFUND, approval has been given for the immediate disbursement of student loans.
The statement read in part:
“Under the leadership of the Board Chairman, Mr. Jim Ovia, top in agenda was the approval for disbursement of student loans to successful applicants.
“This decision underscores President Bola Ahmed Tinubu’s dedication to providing timely and essential financial assistance to students in need, enabling them to pursue their educational goals without undue financial stress.
“By approving the immediate disbursement of the loans, NELFUND is taking a critical step in fulfilling its mission to support education and empower the next generation of leaders.”
Members of the NELFUND board
Reactions from netizens on student loan disbursement
TheRadar compiled the following reactions from netizens from the official release of NELFUND concerning the loan disbursement.
@JosephD39633622 wrote:
“There are applications that are left unverified despite giving accurate and correct information. What's going on again? I just hope there are no biases this time around @NELFUND .
70000 requests verified and yet we that applied early are yet to be verified.😔”
@Mohamma52655404 commented:
“My application is still showing pending and I applied since last week, please what's the problem?”
“@NELFUND promised to publish the list of institutions that have uploaded their students' data on its portal, but this has not been done. There is need for accelerated action on this. Some federal institutions are lethargic and very sluggish despite the digital era. Deplorable!”
“There should be sanctions for schools who have deprived their students of this opportunity by not uploading the students' data. Schools like, Akanu Ibiam federal polytechnic, Uwana Ebonyi state.”
@HabilaaliyuUmar said:
“My application still being stuck at the pending stage after submitting it a week ago. Is there any information you have been given that could help determine the reason for the delay?”
