The Federal Government has indefinitely postponed the launch of the Nigeria Student Loan Scheme.

Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund, announced this during an interview with ARISE NEWS on Tuesday.

Earlier last year, President Tinubu has signed students loan bill into law. start a Students Loan Fund that will help them acquire interest-free loans to Nigerians for higher education.

Femi Gbajabiamila, the former speaker of the House of Representative, proffered the bill which was supposed to start between September and October last year.

However, the President declared that the programme would begin in January 2024, after missing the October deadline.

Earlier this year, Yusuf Sununu, the Minister of State for Education, said at a meeting that they were done for the preparations of the program. This included making the Student Loan Scheme website and planning how to start the programme.

President Tinubu, also told leaders of the National Association of Nigerian Students that the programme would commence once they added more features, like vocational studies.

Although, barely 48 hours before the launch, Sawyer said the loan scheme was postponed due to some corrections that was made around the launch.

“Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can actually roll this out in a meaningful, comprehensive, wholesome and sustainable way,” he said.