JUST IN: 60,000 students have applied for loan — NELFUND

PLACE YOUR ADVERT HERE

The Nigerian Education Loan Fund (NELFUND), has revealed that over 60,000 students have registered  on the website for the student loan scheme.

Similarly, a total of 30,000 applications have been successfully processed.

Akintunde Sawyerr, the Managing Director of the Nigerian Education Loan Fund, disclosed this in a press briefing in Abuja on Thursday.

NELFUND noted that so far, 90 percent of federal universities have submitted their students’ data to its dashboard, adding that two federal universities and two federal polytechnics were yet to submit theirs.

The student loan agency added that its portal for submission of data from state owned tertiary education begins in three weeks time.

Recall that on June 12, 2023, President Bola Tinubu had signed The Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2023, into law. With the passage of the bill, students in Nigeria will be able to obtain loans with no interest.

The move was in “fulfillment of one of his campaign promises to liberalise funding of education,” a member of the then Presidential Strategy Team, Dele Alake, stated.

PLACE YOUR ADVERT HERE
Queen Ferry
Queen Ferry
Chinyere Treasure Ikechukwu also known as Queen Ferry, is a Nigerian business Executive, social media savvy Journalist and Content Editor with over seven years experience. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not researching/blogging, she will be making delicious delicacy.

Popular Related

Fake JAMB Score: Innoson reveals what he’ll do on Awarded N3m scholarship to Mmesoma 

Chief Innocent Chukwuma, the founder of Innoson Motors has revealed what he would do on the awarded N3 million scholarship he gave to one...

World Book Day: stakeholders ask parents to promote reading

In an act to foster development in the educational sector, education stakeholders has urged all parents to promote reading in their children by providing...

Autoposy showed my daughter was electrocuted’  Mother cries out

The mother of Whitney Adeniran, a student at one of the Chrisland school, who passed away on February 9th during an inter-house sports at...

APC chieftain says, No union or fraction can stop Tinubu’s eight years

On Tuesday, Yekini Nabena, the former Deputy National Publicity Secretary of the All Progressives Congress, said regardless of the talks from the merger by...

I didn’t endorse Tinubu for presidency – Obasanjo 

Former President Olusegun Obasanjo, has cautioned supporters of All Progressive Congress APC, presidential candidate, Bola Tinubu, over reports that he endorsed him.  This was contained...

Stan Nze Biography: Age, Education, Career, Movies

Stanley Ebuka Nzediegwu (born May 15, 1989) famously known as Stan Nze is a Nigerian actor, model, Television personality, and movie producer.He is popularly...

Nasarawa University gets approval to establish robotics, AI laboratory

The Phoenix University, Agwada, in the Kokona Local Government Area of Nasarawa State, to start establishing a Robotics and Artificial intelligence laboratory for its...

UK University honours Nigerian author, Dayo

Nigerian author, Dayo Olomu was honoured with an honorary doctorate by the International University of Information Management (IUIM), London.A report gathered from the varsity...

Asake tops list of most searched Nigerian artistes on Google

The sensational superstar Asake, whose music never stops captivating listeners around the nation, has topped the list of most searched Nigerian artiste on Google.According...

2023: I’ll withdraw from race if I see a better candidate – Kwankwaso

The presidential candidate of the New Nigeria Peoples Party, Alhaji Musa Kwankwaso has said that he is ready to withdraw from his 2023 presidential...