Students Loan: FG Explains Delay In Take-Off, Sets New Date

The Federal Government has stated that the Nigeria Education Loan Fund portal for eligible students would open in March.

The Executive Secretary, of NELFund, Dr. Akintunde Sawyer, who disclosed this in an interview with the News Agency of Nigeria on Thursday in Abuja, urged eligible students to register to access the fund.

President Bola Tinubu on June 12, 2023, signed the Access to Higher Education Bill into law to enable indigent students to access interest-free loans to pursue their education in any Nigerian tertiary institution. The scheme was slated to commence between September and October 2023, but because of unforeseen circumstances, there was a revised timeline to January.

Giving reasons for the delay in starting the scheme as earlier scheduled, Sawyer explained that the process is technically driven and necessary measures needed to be put in place for proper execution.