State institutions included in student loan scheme — NELFUND

By AmforGod J. Olisa

The management of Nigerian Education Loan Fund (NELFUND) has made it clear that state-owned institutions are included in the student loan program.

The Fund discredits what it described as misleading narratives on social media claiming that the student loan program was solely for Federal institutions.

“State institutions are unequivocally by law included in our student loan program. The program is designed to roll out in phases to ensure effective and efficient management of the process,” Ayitogo stated. on May 21st in a conference at Abuja.

He, however, explained that the first phase for a start would focus on students attending Federal institutions.

Recall that the Managing Director/Chief Executive Officer of the Nigeria Education Loan Fund, Akintunde Sawyerr, had revealed that the student loan program would take off on Friday with about 1.2 million students in federal tertiary institutions across the country.

The spokesperson of the Fund while clarifying said the second phase, which would be launched shortly after the initial rollout, would extend the program to students at state-owned institutions.

“NELFUND is fully committed to providing financial support to all eligible students, regardless of whether they attend Federal or State tertiary public institutions.

“The mission of President Bola Ahmed Tinubu’s Renewed Hope Agenda is to ensure that all eager students have access to the financial resources necessary to pursue their educational goals and aspirations,” he stated.