The President Bola Tinubu-led government has officially launched the Student Loan Scheme following recent amendments.

President Tinubu Officially Launches Student Loan Scheme
President Bola Tinubu

As of press time, the president is inaugurating a presidential committee to oversee the running of the Student Loan at the State House, Abuja.

To initiate the scheme, Tinubu approved ₦35 billion.

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Also Read: Student Loan: Full List Of Requirements For Applicants

The approved funds will be allocated by the Nigerian Education Loan Fund (NELFund) based on specific criteria, targeting an initial 70,000 applicants.

Jim Ovia, appointed by Tinubu as Chair of the NELFund Governing Board, approved the loan disbursements during the board’s inaugural meeting in Abuja last month.

During the inauguration at the Villa, Tinubu is expected to outline the terms of reference for the implementation team to ensure the scheme stays on track.

More details later…

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