President Bola Ahmed Tinubu has kick-started the Student Loan Scheme.
This is sequel to a slight amendment to the scheme.
Currently, President Bola Tinubu is inaugurating a presidential committee at the State House in Abuja to oversee the initiative.
To initiate the program, President Tinubu recently authorized the disbursement of ₦35 billion through the Nigerian Education Loan Fund (NELFund), aimed at supporting 70,000 initial applicants based on specific criteria.
Jim Ovia, appointed by President Tinubu to chair the Governing Board of NELFund, had previously sanctioned the distribution of loans to successful candidates during the board’s inaugural meeting in Abuja last month.
During the ongoing inauguration at the Villa, President Tinubu is expected to provide the implementation team with terms of reference to ensure the program stays aligned with its objectives.
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