Post reply

News

SpyLoaded Forum
General Category
Education
Post reply ( Re: Student Loan: Nigerian govt targets 300,000 beneficiaries )

Post reply

Note: this post will not display until it's been approved by a moderator.

Name:
Email:
Subject:
Message icon:

[quote author=Morayo link=topic=26256.msg27960#msg27960 date=1719922500]
[img width=450 height=261]https://dailypost.ng/wp-content/uploads/2024/05/Akintunde-Sawyerr.jpg[/img]

Nigerian government has said 250,000 to 300,000 students in tertiary institutions are expected to benefit from its Student Loan Scheme in 2024.

The Managing Director of the Nigerian Education Loan Fund, NELFUND, Akintunde Sawyerr, disclosed this in an interview with Channels Television on Monday.

Sawyerr said the N60 billion fund loan scheme can counter two million Nigerian students in various higher institutions in the country.

He explained that the facility is open to only those already in higher institutions.

“Currently today in tertiary institutions across the board including the private sector, there are about 2 million people. This loan is open to those who are already in the institutions. This is not about those coming in only. This is about if you apply for a loan today, for the next session, you will get it.

“Arguably, we can give everybody a loan. The funds are available to make for us to cover those sorts of numbers over time.

“This year we expect to have 250 to 300,000 applicants from the academic side. We are going to have less than that for the vocational side because we are just kicking that process off,” Sawyer said

Recall that NELFUND which opened its portal for application on May 24, 2024, recently approved the disbursement of N35 billion to 70,000 successful applicants.
[/quote]

Attachments and other options

Return to this topic.
Don't use smileys.

Verification:

"5 eggs" Multiply By "4 eggs" Is what ?:

shortcuts: hit alt+s to submit/post or alt+p to preview

Topic Summary

Posted by: Morayo

« on: July 02, 2024, 01:15:00 PM »

Insert Quote

Nigerian government has said 250,000 to 300,000 students in tertiary institutions are expected to benefit from its Student Loan Scheme in 2024.

The Managing Director of the Nigerian Education Loan Fund, NELFUND, Akintunde Sawyerr, disclosed this in an interview with Channels Television on Monday.

Sawyerr said the N60 billion fund loan scheme can counter two million Nigerian students in various higher institutions in the country.

He explained that the facility is open to only those already in higher institutions.

“Currently today in tertiary institutions across the board including the private sector, there are about 2 million people. This loan is open to those who are already in the institutions. This is not about those coming in only. This is about if you apply for a loan today, for the next session, you will get it.

“Arguably, we can give everybody a loan. The funds are available to make for us to cover those sorts of numbers over time.

“This year we expect to have 250 to 300,000 applicants from the academic side. We are going to have less than that for the vocational side because we are just kicking that process off,” Sawyer said

Recall that NELFUND which opened its portal for application on May 24, 2024, recently approved the disbursement of N35 billion to 70,000 successful applicants.

Recent Topics

Governor Adeleke Condemns Burning of Ilesa High Court 2 Building, Orders... by Mr. Babatunde
[Today at 07:23:38 PM]

Pope Francis has died at the age of 88, the Vatican announced by Morayo
[Today at 09:45:33 AM]

Osun Amotekun Parades Suspects For Criminal Offences by Morayo
[April 19, 2025, 07:38:42 AM]

Yemisi Opalola’s kind gesture noticed in Ibadan community by Morayo
[April 19, 2025, 07:33:59 AM]

IleOgbo United Football Club Explicitly Unveiled by Yakub Oloyede
[April 17, 2025, 08:27:41 PM]

News

...

Post reply

Topic Summary

Posted by: Morayo

Similar topics (5)

Recent Topics