The Nigerian Education Loan Fund (NELFUND) has met over the approval for disbursement of student loan to successful applicants.

The fund discussed the approval and other issues during its inaugural Board meeting on Wednesday in Abuja.

The Head, Media and Public Relations of the Fund, Nasir Ayitogo said in a statement that the meeting marked a significant milestone in the government's commitment to empowering students through financial support.

"Under the leadership of of the Board Chairman, Mr. Jim Ovia, top in agenda was the approval for disbursement of student loan to successful applicants," he said.

He noted that the decision underscores President Bola Ahmed Tinubu's dedication to providing timely and essential financial assistance to students in need, which will enable 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," he said.

He said the inaugural meeting also set the stage for future initiatives aimed at enhancing educational opportunities and providing comprehensive support to students across various disciplines.