The Federal Government through the Nigeria Education Loan Fund (NELFUND) , has said about 1.2 million students from federal institutions will benefit from the pilot phase of the student loan scheme.
Akintunde Sawyerr, MD/CEO of NELFUND, disclosed this in Abuja during a pre-application sensitisation press conference.
He said “We have 1.2 million students in Nigeria today in Federal Government-owned tertiary institutions,” he said at the event.
“1.2 million is the maximum we can accommodate at the federal level. There might be opportunities to increase capacity but will work now with available spaces.”
According to him, measures have been put in place to ensure a smooth take-off of the scheme.
The Federal Government last week fixed May 24, 2024, as the official date for “the opening of a portal for student loan applications.
The opening of the application portal marks a significant milestone in the commitment of President Bola Tinubu o” fostering accessible and inclusive education for all Nigerian students.
