President BOLA TINUBU has launched the Nigerian Education Loan Fund (NELFund) in the council chamber of state House.

In attendance at the inauguration was 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 Managing Director of the Nigerian Education Loan Fund, AKINTUNDE SAWYERR, said the portal has received over 110, 000 loan applications so far.

He, however, noted that students of higher institutions based in Nigeria’s south are not applying for loans because they doubt its possibility.

According to SAWYERR, more students from the north have applied for the loans owing to better coordination by tertiary institutions in the region.