Student loan to start with federal institutions — Nigerian govt

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Nigerian Govt News

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The Federal Government says the student loan scheme would be rolled out in phases, beginning with the federal institutions.

The Managing Director, Nigerian Education Loan Fund, Akintunde Swayerr, who made this disclosure in an interview with Arise Television on Friday, monitored by DAILY POST, said the student loan application portal will be opened on the 24th of May for loan applications. He further said the government is currently “in the midst of a sensitization campaign to inform Nigerians how the scheme will work.

“…and who wants to get vocational training to get proper qualifications that enables them to be more marketable and useful to the Nigerian society. “The fund covers 100 percent of all the fees of tertiary institutions. There’s also upkeep for the student,” he said. Swayerr noted that this plan will be rolled out in schemes, the first being the public institutions because of the large number of students in that sector requiring financial aid. “We’re going to roll this plan out in phases.

Source: Education Headlines (educationheadlines.net)

 

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