The presidency says President Bola Tinubu is committed to getting the student loan scheme launched properly.
Bayo Onanuga, special adviser to the president on
information and strategy, spoke to journalists on Wednesday at the end of the
federal executive council (FEC) meeting held at the State House in Abuja.
Akintunde Sawyer, the executive secretary of the Nigerian
Education Loan Fund (NELF), told Arise TV on Tuesday that the body would not be
able to commit to a specific launch date for now.
Sawyer said the federal government is still making
adjustments to the student loan policy.
The plan to start the programme between September and
October 2023 was not successful.
New launch dates in January, February, and subsequently
March did not materialise.
Onanuga said final touches are being put into the scheme to
enable a proper launch, noting that a new date would be announced soon.
“There will be a new
date to launch the student loan scheme, it’s not forgotten,” he said.
“There are some things that need to be rearranged so that it
can be launched properly. I think that’s what’s happening.
“So the president is committed to it, you know it is one of
his flagship programmes and he wants to get it done as quickly as possible.”
Mohammed Idris, minister of information and national
orientation, added that the issue of social security and consumer credit —new
measures introduced by Tinubu — also played a role in the revision of the
dates.
“So all these are
being taken together and Mr. President is not stopping or suspending the
students’ loan,” Idris said.
“Indeed, he’s ensuring that it comes about strongly so that
Nigerians and especially the families of the less privileged, take advantage of
that so that they can get education.”
The scheme is designed to enable indigent students to access
interest-free loans for their educational pursuits in any Nigerian tertiary
institution.
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