The Nigerian government had previously faced setbacks in implementing the student loan scheme after its introduction, postponing its takeoff on at least three…
“The hurdles of a guarantor, a parent’s debt profile and others in the old Act have been removed in the new Bill, thereby making it easier for the loan to be accessed,” the Presidency said. A beneficiary may request an extension of enforcement action by the Fund by providing an affidavit indicating that he is not employed in any capacity and is not receiving any income.
The bill establishes a justice and fairness provision mandating the Board to ensure a minimum national spread of loans approved and disbursed in each financial year. The National Information Technology Development Agency has officially opened the application for tech startups to win as much as $220,000.
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