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    ALMOND 94.3 FM Ibadan

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STUDENT LOANS TO BE ROLLED OUT IN PHASES, STARTING WITH FEDERAL INSTITUTIONS — FG

todayMay 17, 2024 3

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The Federal Government has disclosed that the student loan scheme will be rolled out in phases, starting with the federal institutions.

This was made known by the Managing Director, Nigerian Education Loan Fund, Akintunde Swayerr during a televised interview today.

The director stated that the student loan application portal will be opened on the 24th of May for loan applications.

He added that the government is currently “in the midst of a sensitization campaign to begin to let Nigerians know how the scheme will work.”

Swayerr noted that the loan scheme seeks is a means of bridging financing gap for students in Nigeria which enables them become more resourceful, eventually aiding the country.

He said that the plan will be rolled out in schemes and the first being the public institutions because of the large number of students in that sector requiring financial aid.

“We’re going to roll this plan out in phases. The first phrase will be with federal institutions then to others. It’s going to be the public sector at the beginning because that’s where we find the bulk of students that perhaps need the financing cover and are most vulnerable.

Written by: Almond News

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