FG Confirms No Indefinite Postponement for Student Loan Scheme

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The federal government claims that the implementation of the student loan system has not been postponed permanently.

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The Nigerian Education Loan Fund (NELFUND) clarifies that the scheme proposed by President Bola Tinubu has not been postponed indefinitely, contrary to allegations on Channels Television.



"The management of the Nigerian Education Loan Fund (NELFUND) has been alerted to certain media reports, especially on social media, indicating that the much-awaited student loan program launch, which was originally planned for Thursday, March 14, 2024, has been pushed back indefinitely," the organization said in a statement.

"Although there has been a delay, we would like to clarify that it is not permanent, contrary to what the reports suggest."



READ ALSO: Federal Government Urges SSANU/NASU to Call Off Warning Strike Immediately

The postponement was necessary to have all stakeholders fully aligned before President Bola Ahmed Tinubu's official flag-off, according to NELFUND's repeated statement.

According to a statement signed by Executive Secretary Nasir Ayitogo, the initiative is ready for implementation.



"For the avoidance of doubt, NELFUND is completely ready for launch. The loan application platform is ready, and President Bola Ahmed Tinubu has sanctioned funding for a successful launch.

Read more: SSANU Strike: Clinic Closure Linked to Student Death, FUOYE Blames Union  

"Students are advised to take advantage of this opportunity and apply for the loans as soon as the President determines the launch date."


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Psalmist Timmy

Psalmist Timmy is an internet entrepreneur with expertise in digital marketing, copywriting, e-commerce management, and web development. He has successfully launched and scaled multiple online ventures using his skills in SEO, content marketing, social media, and email marketing. In 2023, he was recognized as a valued and expert content writer by one of the esteemed lecturers in the STE Department, Dr. Olasunkanmi, University of Ibadan (First and the Best), and was honored to give a co-lecture presentation to his fellow students on a topic tagged "Online Content Authoring. Connect with him below." youtube linkedin instagram facebook twitter

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