Student Loan Scheme Not Postponed Indefinitely, Says FG

While there were reports that the scheme introduced by President Bola Tinubu has been moved indefinitely, the Nigerian Education Loan Fund says there is no indefinite postponement of the programme.

“The attention of the Nigerian Education Loan Fund management has been drawn to reports in some sections of the media, particularly social media, suggesting that the launch of the most-anticipated student loan scheme, initially scheduled for Thursday, March 14, 2024, has been postponed indefinitely,”NELFUND said in a statement

“While there has been a postponement, we wish to state that it is not indefinite, as alluded to in the reports.”NELFUND reiterated that the “postponement was necessitated because of the need to have all stakeholders fully aligned before the formal flag-off by President Bola Ahmed Tinubu”. In a statement, Nasir Ayitogo who signed for the Executive Secretary, said everything is ready for the take off of the scheme.“For the avoidance of doubt, NELFUND is 100 per cent set for the launch. The loan application portal is ready, and President Bola Ahmed Tinubu has since approved the funds for the smooth take-off,” he said.

“Students are advised to seize the opportunity and apply for the loans as soon as it is launched at a date to be determined by the President.”

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