Students Loan: FG explains delay in take-off, sets new date
The Federal Government has set a March date for the opening of the Nigeria Education Loan Fund portal for eligible students.
The Executive Secretary of NELFund, Dr Akintunde Sawyerr, who disclosed this during an interview on Thursday in Abuja, urged eligible students to register to access the fund.
President Bola Tinubu on June 12, 2023, signed the Access to Higher Education Bill into law to enable indigent students access interest-free loan to pursue their education in any Nigerian tertiary institutions.
The scheme was slated to commence between September and October 2023, but because of unforeseen circumstances, there was a revised timeline to January.
Giving reasons for the delay in starting the scheme as earlier scheduled, Mr Sawyerr explained that the process is technically driven and necessary measures needed to be put in place for proper execution.
“The take-off date is this month (March) and the reason for the delay is that we are trying to get it right.
“This is not a political programme where we say, oh! we are just going to do it, it doesn’t matter how it works.
“This is a programme that will probably run beyond me as a human being, not even as a secretary. This is something that we want to run adequately, so we have to get it right,’’ he said.
Mr Sawyerr reiterated President Tinubu’s commitment to ensure that lack of finance did not constitute a reason for any student in Nigeria to halt education at a tertiary level.
According to him, the scheme is designed for indigent Nigerian students in tertiary institutions and applications will be done online.
“We have decided that all applicants should be able to access this scheme regardless of where they are, who they are and who they know. We want this to be a process that is fair to all and we will advertise the portal widely so that applicants will be able to go to the website to fill a series of forms and answer certain questions.
“Based on the data they input and their answers to the questions, the system will be able to determine appropriately, whether they are eligible to apply or not,’’ Sawyerr explained.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
PEBEC seeks integrated digital platform for businesses
“Many MDAs have digitalised their services, but they are digitalising in silos. Businesses still provide the same information to multiple agencies,” she said.
Economy
National Assembly committees seek increased funding for solid minerals
He said adequate funding and stronger stakeholder collaboration were critical to accelerating reforms and harnessing the sector’s opportunities.
Economy
TCN restores power on Benin/Omotosho 330kv transmission line
The TCN has restored power on the Benin-Omotosho 330kV transmission line following an outage caused by detached conductors.
States
Otu govt, PDP candidate trade words over alleged tax witch-hunt
He accused the state government of using tax measures to silence opposition voices.
Anti-Corruption
Alleged $6. 23 Million Loot: Obazee seeks Buhari, Boss Mustapha’s trial
He told an Abuja High Court that Mr Mustapha must be in court to answer for the alleged $6.23 million CBN loot.
States
Ondo LG empowers 300 elders with N30 million
300 beneficiaries drawn from the 13 wards of Okitipupa LGA received cash grants of ₦100,000 each.
