The Managing Director of the Nigerian Education Loan Fund , Akintunde Sawyerr, has announced that students from state universities will soon be able to benefit from the Federal Government’s loan scheme.Sawyerr revealed that the student loan fund’s website has attracted over 60,000 visitors since its launch.
The loan scheme, which aims to provide interest-free loans to indigent students, will extend its benefits to students of state universities within the next three weeks. It led to the establishment of the Nigerian Education Loan Fund, responsible for processing loan applications, grants, disbursements, and recoveries.
The Presidency attributed the delays to President Bola Tinubu’s directive to expand the scheme to include loans for vocational skills.