12 more institutions onboarded for student loan.
Twelve tertiary schools owned by state governments have been added to the pool of applicants for student loans.
This was released by the Nigerian Education Loan Fund management on Wednesday in a statement.
The onboarding process came after the successful submission and verification of the accuracy of the data, according to a statement signed by Nasir Ayitogo, Head of Media and Public Relations at the Fund.
“After this most recent addition, the total number of state government-owned postsecondary institutions that are involved has grown to 48 from the initial 36 that were previously disclosed.
The statement said, “Students’ data from 121 institutions is outstanding.”
To ensure that their students can take advantage of the program, the Fund urged all schools that have not yet uploaded their student data to the Student Verification Portal to do so.
Additionally, it urged states whose data had been successfully collected and uploaded to encourage their students to apply right away.
This would help students who are having financial difficulties and ensure a steady stream of income for the universities.
According to Dr. Akintunde Sawyer, Managing Director and CEO of the Nigeria Education Loan Fund (NELFUND), Osun State has the most student data on its webpage.
He claims that the purpose of the student loan program is to assist anyone who cannot afford to attend a government-owned
university and that application processing requires the collection of student data using technology.
Nigerian student Loan bill was signed into law by President Bola Ahmed Tinubu in June 2023, to offer financial assistance to Nigerian students in tertiary institutions.
While the bill was signed earlier, its implementation has faced delays due to various issues hindering its rollout.
The development came after separate considerations from the two chambers of the National Assembly committees on tertiary institutions and TETFund.
