Recall that President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students.
The scheme was to commence in October 2023, but implementation was repeatedly deferred until a re-enactment in April 2024.
NELFUND recently scheduled the opening of the loan application and issuance portal for May 24.
During pre-application sensitisation, NELFUND said the scheme’s pilot phase would only be open to federal tertiary institutions.
Details later…
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