Trending News
SECURITY: ALL HAIL THIS SUPER COP-A CLAIRVOYANT POLICE ICON IGANDO/IKOTUN LCDA CHAIRMAN, AKINSANYA DOLES OUT CASH, GRAINS TO CONSTITUENTS AMID ECONOMIC CRUNCH STATE POLICE: OUR PEOPLE MUST BE CARRIED ALONG ADEQUATELY- Nawairudeen HOSPITALITY AND QUALITY BERTHS IN LAGOS AS DE – POSH FOOD OPENS IN GRAND STYLE PERSONALITY: Super High Chief Sunday Nnanna Odikaesieme – A Great Philanthropist & Business Man Par Excellence P-A-L-L-I-A-T-I-V-E-S: LAGOS COUNCIL BOSS SHARES CASH TO CUSHION HARDSHIP IMPACT, URGES CITIZENS TO EXPECT BETTER EXPERIENCES NATIONAL UNITY: IGBO COMMUNITY LEADER IN LAGOS CONFERS CHIEFTAINCY TITLES ON IGBOS, YORUBAS, HAUSAS, OTHERS, CHARGES THEM TO BE GOOD AMBASSADORS ANYWHERE CHRISTIANS TO HEAVE SIGHS OF RELIEF AS UGCAN LAGOS CHAIR UNVEILS PLANS FOR POSITIVE CHANGE S-P-E-C-I-A-L: REAL ESTATE FIRM SIMPLIFIES PROPERTY OWNERSHIP, PARTNERS MORTGAGE BANK FG Postpones Students Loan Indefinitely S-E-C-U-R-I-T-Y:  LAGOS DIVISION AVERTS SOLDIERS – HOODLUMS CLASH IN IKOTUN AREA C-H-A-R-I-T-Y: I HAVE AFFECTION FOR ALL, NOT JUST NDIGBO, EZE CHUKWUKA DECLARES AS HE BEGINS STRATEGIC DECONGESTION OF PRISONS, MORE LEADERSHIP: LAGOS INDIGENES LAMENT NON INCLUSION IN MAINSTREAM GOVERNANCE EZE NDIGBO CONGRATULATES ABIANS OVER POWER STATUS; HAILS, GOVS OTTI, BABAJIDE SANWOOLU FOR LEADERSHIP CREATIVITY, URGES OTHERS TO BUCKLE UP EDUCATION – ALUMNI GROUP, STUDENTS REJECT ATTACKS ON THEIR INSTITUTE, URGE STUDENTS, PUBLIC TO DISREGARD CYNICS B-R-E-A-K-I-N-G: GLOBAL WEALTH UNIVERSITY FORMS GLOBAL ALLIANCE WITH INSTITUT SORBONNE INTERNATIONAL, FRANCE
Saturday, April 13, 2024

FG Postpones Students Loan Indefinitely

0
29

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