Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery

    September 28, 2025

    Ex- Police Service Commission Chair, Osayande Dies At 89

    September 28, 2025

    Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan

    September 26, 2025
    Facebook X (Twitter) Instagram
    Trending
    • PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery
    • Ex- Police Service Commission Chair, Osayande Dies At 89
    • Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan
    • Police Beef Up Security Ahead Of Olubadan Coronation Tomorrow
    • Enugu East Senator, Chukwu Dumps LP, Joins APC
    • Ibori Expresses Sadness Over Oscar Ibru’s Demise
    • Nexamont Acquires 21.4% Percent Stake In Royal Exchange PLC
    • Ibori Felicitates Ladoja on 81st Birthday, Olubadan Coronation
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Friday, October 3
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » FG Opens Up Loan Scheme To State University Students
    2 Mins ReadMay 30, 2024

    FG Opens Up Loan Scheme To State University Students

    By Lanre AkiluMay 30, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The website of the student loan fund has received over 60,000 visitors since its launch, the Managing Director of the Nigerian Education Loan Fund, Akintunde Sawyerr, made this known during an ongoing press briefing in Abuja on Thursday.

    Sawyerr also noted that over 90% of federal institutions have submitted the list of students, noting that only two federal universities and two federal polytechnics are yet to do so.

    Sawyerr also noted that the scheme will be made available to students of state universities in the next three weeks.

    On June 12, 2023, President Bola Tinubu signed the Access to Higher Education Act, 2023 into law to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.

    Meet Samuel Odugbesan who lost his arms working with an electricity company
    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, said.

    The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to process all loan requests, grants, disbursement, and recovery.

    Although the government initially announced that the scheme would be launched in September, it suffered several delays leading to an indefinite postponement in early March.

    The Presidency had linked the delay to Tunis’s directive to expand the scheme to include loans for vocational skills.

    After receiving a briefing from the NELFUND team led by the Minister of State for Education, Dr Yusuf Sununu, on January 22, the President directed the Fund to extend interest-free loans to Nigerian students interested in skill-development programmes.

    Tinubu based his decision on the need for the scheme to accommodate those who may not want to pursue a university education, noting that skill acquisition is as essential as obtaining undergraduate and graduate academic qualifications.

    Author

    • Lanre Akilu
      Lanre Akilu

      View all posts
    Akintunde Sawyerr FG
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Lanre Akilu

    Related Posts

    Breaking News

    PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery

    September 28, 2025
    Breaking News

    Ex- Police Service Commission Chair, Osayande Dies At 89

    September 28, 2025
    Breaking News

    Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan

    September 26, 2025
    Breaking News

    Police Beef Up Security Ahead Of Olubadan Coronation Tomorrow

    September 25, 2025
    Breaking News

    Enugu East Senator, Chukwu Dumps LP, Joins APC

    September 25, 2025
    Breaking News

    Ibori Expresses Sadness Over Oscar Ibru’s Demise

    September 25, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery

    September 28, 2025

    Ex- Police Service Commission Chair, Osayande Dies At 89

    September 28, 2025

    Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan

    September 26, 2025

    Police Beef Up Security Ahead Of Olubadan Coronation Tomorrow

    September 25, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.