The Federal Government , yesterday, revealed that the Student Loan Scheme it recently initiated would be funded from education tax in collaboration with the Federal Inland Revenue Service ( FIRS ). FIRS Chairman, Zacch Adedeji, spoke while briefing newsmen along with Executive Secretary of the Student Loan Board, Dr Akintunde Sawyerr, at the Presidential Villa, Abuja. He said the introduction of the education tax fund into the scheme is one way the government could be accountable to taxpayers.
Sawyerr assured that the process for applying for the loan would be devoid of human intervention, as every action would be taken on an app specifically designed for the purpose. According to him, the government is keen at ensuring that young Nigerians do not fail to acquire tertiary education on account of lack of funds to pursue their studies. He explained that the implementation of the loan scheme would enable Nigerians to pick a career trajectory of their choice rather than being forced to do something else because they are unable to acquire requisite education due to lack of fund
Federal Government Student Loan Scheme Education Tax Collaboration Federal Inland Revenue Service FIRS Accountability Application Process Tertiary Education Lack Of Funds
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