Trending News
COLLEGE WAR – FCE – TECH AKOKA REMAINS A SHADOW OF ITS REAL SELF AS AGITATORS INSIST ON SACKING CORRUPT PROVOST OSUN INDUSTRIAL INVESTMENT SUMMIT: EXPERT URGES ALL STAKEHOLDERS TO COME TOGETHER TO LIFT OSUN; SAYS THERE IS NO BETTER TIME BREAKING: UGCAN NIGERIA LAUNCHES HER WOMEN’S DEPARTMENT – GOD’S WIN’ 2024 SOON SECURITY – POCACOV SENDS EARLY WARNING TO CDCs, CDAs, SECURITY AGENCIES, SCHOOL OWNERS/HEADS, RELIGION LEADERS, MORE – AHEAD CULT GROUP 7:7 DAY EDUCATION: STANDARD – IPNM, ISQ NIGERIA, CAD NOW IN AFFILIATION WITH JPTS AS PART OF ITS MOVE FOR GREATER QUALITY HOPE RISES FOR WIDOWS AS NIGAF IS LAUNCHED IN LAGOS TO MARK THE INTERNATIONAL WIDOWS DAY 2024 OSUN NASSI CHAIR CONGRATULATES GOV DAPO ABIODUN FOR HIS EMERGENCE AS GOVS FORUM CHAIRMAN, ASSURES COLLABORATION ON BEHALF OF SOUTHWEST NASSI POLITICS: EDO 2024 – A STATE’S GOOD “PATIENCE” FOR “KEY” TO GOOD GOVERNANCE (A THOUGHT FOR PATIENCE NDIDI KEY- PNK NIGERIAN STUDENT LANDS IN PRISON FOR FORGING PAYMENT TELLERS THE NATION: UGCAN JOINS ADVOCACY FOR ANIOMA STATE CREATION IN NIGERIA CHOLERA – JPTS MANAGEMENT OFFERS TIPS FOR STUDENTS’ SAFETY REPOSITIONING THE CHURCH: UGCAN APPOINTS BISHOP DR.JOSEPH IGHALO PRESIDENT – NIGERIAN CHAPTER, INT’L COUNCIL OF APOSTLES & BISHOPS FOR AFRICA REGENERATION (ICABAR) CHRISTIANS REGENERATION: LAUNCH OF INTERNATIONAL CHURCH LEADERS COUNCIL FOR EMPOWERMENT TO HOLD IN LAGOS HOUSING ESTATE OPENING: SARKIN HAUSAWA IGANDO SALUTES SANWOOLU, ASKS THE PEOPLE TO SUPPORT AKINSANYA TO ADD MORE DEVELOPMENT TO THE AREA GOV SANWOOLU HAS REKINDLED HOPE OF THE PEOPLE BY COMMISSIONING EGAN-IGANDO MIXED HOUSING ESTATE – Comrade Akinsanya Lasisi Ayinde NEWS: NIGERIA HAS NO REASON TO FAIL, SHE HAS GREATNESS POTENTIALS, SAYS IFReM PRESIDENT AHEAD OF HIS BIRTHDAY CELEBRATION IN USA
Sunday, July 14, 2024

FG Postpones Students Loan Indefinitely

0
164

By Timeswatch

The Federal Government has postponed the launch of the Nigerian Students Loan Scheme indefinitely.

Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), stated this in an interview with ARISE NEWS, which was monitored by BusinessDay.

The loan which was formally slated to take off on Thursday, has been postponed again, as there are some corrections that are being made around the launch according to Sawyer.

“Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can actually roll this out in a meaningful, comprehensive, wholesome and sustainable way.”

President Bola Tinubu signed the bill into law in June 2023, to establish a Students Loan Fund (SLF) to provide interest-free loans to Nigerians seeking higher education.

The bill, sponsored by Femi Gbajabiamila, the former Speaker of the House of Representatives, was initially planned to kickstart between September and October 2023.

President Tinubu announced the scheme would begin by January 2024, after his Government failed to meet the October deadline last year.

In January, Yusuf Sununu, Minister of State for Education, confirmed at the Federal Executive Council (FEC) meeting, while speaking to reporters, that preparations were completed for the scheme to begin, including the finalisation of the Student Loan Scheme website and the conclusion of technical plans to facilitate the scheme’s kick-off.

President Tinubu assured the leaders of the National Association of Nigerian Students (NANS) when they visited him at the State House, Abuja, that the scheme would begin once its expansion to accommodate extra features including vocational studies was done.

Leave a reply