22 extra state-owned tertiary establishments have been cleared by the Nigerian Education Loan Fund to use for scholar mortgage.
“ The Nigeria Education Loan Fund has introduced that college students from the next 22 state-owned tertiary establishments can now apply for loans on its portal: nelf.gov.ng
“This followed a review by the committee responsible for the Student Verification System. Prior to this, 86 state-owned institutions were cleared, bringing a total of 108 institutions whose students are now able to apply,” the assertion posted by way of @NELFUND on X mentioned.
The onboarding of the 22 state-owned establishments brings the entire variety of authorized state establishments to 108.
The implementation of the coed mortgage scheme is President Bola Tinubu’s flagship venture within the schooling sector.
Barely a month after his inauguration as president, Tinubu signed the Access to Higher Education Act, which creates a authorized framework for granting loans to indigent or low-income Nigerians to facilitate the cost of their charges in Nigerian tertiary establishments.
The legislation, reenacted earlier this 12 months, created the Nigerian Education Loan Fund.
NELFUND is saddled with the duty of dealing with all mortgage requests, grants, disbursement, and restoration.
The fund, based on the act, is to be funded from a number of streams and can have interaction in different productive actions.
Thank you for reading this post, don't forget to subscribe!
Deborah, has three years of expertise protecting the schooling sector, commerce unions, politics and worldwide affairs, and is a journalist with The PUNCH
All rights reserved. This materials, and different digital content material on this web site, is probably not reproduced, printed, broadcast, rewritten or redistributed in complete or partly with out prior specific written permission from PUNCH.
Contact: [email protected]