The Nigerian Education Loan Fund (NELFUND) has fixed May 24
for the opening of the student loan portal.
Akintunde Sawyerr, managing director of the fund, announced
the development in a statement on Thursday.
Sawyerr said the opening of the portal for student loan
applications marks a significant milestone in the current administration’s goal
of fostering accessible and inclusive education.
“Through the portal, students can now access loans to pursue
their academic aspirations without financial constraints,” the statement reads.
“The portal provides
a user-friendly interface for students to submit their loan applications
conveniently.
“We encourage all eligible students to take advantage of
this opportunity to invest in their future and contribute to the growth and
development of our nation.
“Students can access the portal at www.nelf.gov.ng to begin
their applications.”
President Bola Tinubu, in June 2023, enacted the student
loan policy to grant interest-free loans to needy students.
The scheme was slated to commence between September and
October 2023, but implementation was repeatedly deferred.
The policy was heavily criticised for its stringent
requirements, which many stakeholders argued would render the scheme
inaccessible.
In March 2024, the president wrote to the national assembly
requesting the repeal and reenactment of the law.
On April 3, Tinubu re-enacted the policy, effectively
repealing the old law and reintroducing a new version.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com