NELF Confirms Nigeriaā€™s Student Loan Application Portal To Open May 24

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NELF Confirms Nigeriaā€™s Student Loan Application Portal To Open May 24

Date: 16-05-2024 10:04 pm (3 hrs ago) |
Author: Olusanya Akinrinola



- at 16-05-2024 10:04 PM (3 hrs ago)

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The Nigerian Education Loan Fund (NELF) has confirmed May 24, 2024 as the official date for ā€œthe opening of a portal for student loan applicationsā€.

This was disclosed in a statement signed by the media lead of the Fund, Nasir Ayantogo said.

Ayantogo noted that the opening of the application portal marks a significant milestone in the commitment of President Bola Tinubu toā€ fostering accessible and inclusive education for all Nigerian students.ā€

On June 12, 2023, 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.
The move was in ā€œfulfilment of one of his campaign promises to liberalise funding of education,ā€ 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 Tinubuā€™s directive to expand the scheme to include loans for vocational skills.


Posted: at 16-05-2024 10:04 PM (3 hrs ago) | Hero

- gogoman at 16-05-2024 11:04 PM (2 hrs ago)
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Posted: at 16-05-2024 11:04 PM (2 hrs ago) | Grande Master

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