The President of the Federal Republic of Nigeria, Bola Tinubu, has finally kicked off the Student Loan Scheme after a lot of deliberation and adjustments.
As of the time of this report, President Bola Tinubu is inaugurating a presidential committee to drive the Scheme at the State House in Abuja.
The President had approved ₦35 billion to be disbursed through specific conditions by the Nigerian Education Loan Fund (NELFund), targeting 70,000 initial applicants.
Jim Ovia, appointed by Tinubu to Chair the Governing Board of NELFund, had approved the disbursement of loans to successful applicants during its inaugural meeting in Abuja last month.
At the inauguration currently taking place in the Villa, Tinubu is expected to give the implementation team terms of reference to ensure the scheme does not derail from its mandate.
Details later…
