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BREAKING: Tinubu Officially Launches Student Loan Scheme At Aso Rock

Posted by Amarachi on Wed 17th Jul, 2024 - tori.ng

To initiate the programme, the President approved ₦35 billion to be allocated by the Nigerian Education Loan Fund (NELFund) based on specific criteria, targeting an initial 70,000 applicants.

Bola Tinubu

President Bola Tinubu

The Student Loan Scheme has been officially launched by the Tinubu-led administration, following recent amendments.

At the time of reporting, President Bola Tinubu is inaugurating a presidential committee to oversee the Scheme at the State House, Abuja.

To initiate the programme, the President approved ₦35 billion to be allocated by the Nigerian Education Loan Fund (NELFund) based on specific criteria, targeting an initial 70,000 applicants.

Jim Ovia, appointed by Tinubu as Chair of the NELFund Governing Board, approved the loan disbursements during the board’s inaugural meeting in Abuja last month.

During the inauguration at the Villa, Tinubu is expected to outline the terms of reference for the implementation team to ensure the scheme stays on track.

More details to follow…