Education
Student Loan Scheme: FG gets 30,000 successful applicants, announces date to commence 2nd phase
Nigerian government says about 30,000 students have successfully applied for its loan scheme barely seven days after the portal was launched on 24th May, 2024.
Akintunde Sawyerr, the Managing Director of the Nigerian Education Loan Fund, disclosed this in Abuja on Thursday while giving an update on the scheme.
Sawyerr explained that the about 30,000 students who have successfully applied are currently undergoing approval evaluation.
The MD revealed that applications will be opened for state higher institutions to apply for the loan on 25th June 2024.
According to him, the scheme goes beyond providing financial assistance to students to equipping youths with employable skills.
He announced that NELFUND will commence a launch of comprehensive skills acquisition skills in various vocational and technical fields.