The Student Loan Scheme, which was initially scheduled to launch in September 2023, is on the verge of expiring without the commencement of the application portal…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
On June 14, 2023, the federal government announced that it had taken the necessary steps to ensure the initiation of the student loan scheme between September and October 2023.
Andrew David Adejo, the Permanent Secretary of the Federal Ministry of Education, revealed that President Bola Tinubu had authorized a committee composed of various ministries and agencies to oversee the realization of the Students Loan Bill.
However, with only a few days remaining and no visible progress in this regard, students nationwide are urging the government to cease delaying the implementation of the loan program and promptly open the application portal.
The Student Loan Bill, introduced by the Speaker of the 9th House of Representatives, Femi Gbajabiamila, is designed to offer interest-free loans to financially disadvantaged Nigerian students.
The legislation is aimed at providing accessible higher education to underprivileged Nigerians through interest-free loans from the Nigerian Education Loan Fund, according to the permanent secretary.
