FG to announce new date for take off of students loan scheme
The presidency has restated its commitment to the implementation of the students loan scheme, indicating that a new take-off date would be determined soon.
This clarification follows a statement by the Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, suggesting that the implementation of the scheme had been put off indefinitely.
RELATED NEWS
US-Based foundation offers scholarship to prospective MAAUN Students
Prof. Gwarzo counsels lecturers against frustrating students
Tinubu suspends Salihijo, REA MD, others over alleged N1.2bn fraud
Fielding questions from State House Correspondents at the end of the Federal Executive Council (FEC) meeting on Wednesday, Special Adviser to the President on Information and Strategy, Bayo Onanuga, affirmed that final touches are being put in place to enable the proper launch of the scheme.
Describing it as the flagship of President Tinubu, he assured that a new date would be announced soon.
He said: “There will be a new date to launch the student loan scheme. There are things being done so that it can be launched properly, and that’s what’s happening.
“So, the President is committed to it. You know it’s one of his flagship programs, and he wants to get this thing done as soon as possible.”
It is designed to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.
The Act also established the Nigerian Education Loan Fund, which is expected to handle all loan requests, grants, disbursement, and recovery.
The legislation provides for the establishment of the Nigerian Education Loan Fund, which will have the power to administer, supervise, coordinate, and monitor the management of student loans in the country.
The fund is expected to receive and screen applications for student loans through higher institutions on behalf of the applicants in line with the provisions of the legislation.
__________________
We do hope that the information we were able to provide you are helpful. Checkout out other unique articles on our blog for more detailed information and do well to share with your friends and family. Follow us on our Twitter and Facebook to stay updated with premium information.
Please leave any comments or questions in the area given below.
DISCLAIMER: The views and opinions expressed in Fact Check are those of the authors and do not necessarily reflect the official policy or position of Fact Check. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
__________________
We do hope that the information we were able to provide you are helpful. Checkout out other unique articles on our blog for more detailed information and do well to share with your friends and family. Follow us on our Twitter and Facebook to stay updated with premium information.
Please leave any comments or questions in the area given below.
DISCLAIMER: The views and opinions expressed in Fact Check are those of the authors and do not necessarily reflect the official policy or position of Fact Check. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.
Information is presented to the best of our knowledge and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability concerning the website or the information, products, services, or related graphics contained on the website for any purpose. Therefore, any reliance you place on such information is strictly at your own risk.
