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NELFUND: Students of state varsities to access loan from June 25 – FG

THE Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has disclosed that the student loan would be made available to students of state universities from June 25, 2024.

This was as the director confirmed that the website of the student loan fund had received over 60,000 applicants since its launch.

Sawyerr, stated this on Thursday, May 30,  while addressing journalists in Abuja, noting that out of the 60,000 applications,  30,000 students had completed the process to access the loan.

According to him, over 90 per cent of federal institutions have submitted their students’ list, and only two federal universities and two federal polytechnics are yet to do so.

He said, “We are pleased to report that over 90 per cent of federal institutions of higher learning have submitted their students’ data to NELFUND. However, we urge the remaining two federal universities and five federal polytechnics to expedite the process to ensure that all eligible students can access the funds’ financial support.”

While noting that the fund would commence accepting applications from students at state-owned tertiary institutions in the next few weeks, Sawyerr urged the state institutions to submit their students’ data immediately as requested.

He said this would help facilitate an easy and seamless application process.

Sawyerr further revealed that, in addition to providing financial aid, NELFUND was planning to equip youths with practical and market-relevant skills.




     

     

    “Six months from today, we will launch a comprehensive skill acquisition programme, providing training in various vocational and technical fields,” he said.

    He added that the programme would help the students with the skills needed to meet the demands of the modern job market and foster entrepreneurship and innovation among young people.

    Read Also:

    President Bola Tinubu signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law on Wednesday, April 3 following approval by the Senate on Wednesday, March 20.

    Although the Act is touted to ease access to tertiary education for Nigerian students, members of the Academic Staff Union of Universities (ASUU) described it as an attempt by the government to abandon funding education in public universities.

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    Usman Mustapha is a solution journalist with International Centre for Investigative Reporting. You can easily reach him via: [email protected]. He tweets @UsmanMustapha_M

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