One Hundred And Thirty Seven Federal Institutions Subscribed To Student Loan – NELFUND

No fewer than one hundred and thirty seven federal institutions across the country have now collaborated with the Nigerian Education Loan Fund, information from the NELFUND website on Monday disclosed.

The information did not, however, reveal the names of the collaborating institutions nor did it specify whether the institutions are Federal Government or state-controlled.

It simply stated, “one hundred and thirty seven collaborating with esteemed institutions” in its data insight section.

But NELFUND’s Head of Media, Nasir Ayitogo, said  in an interview that “The one hundred and thirty seven institutions are the federal institutions.”

The Nigerian Education Loan Fund (NELFUND) had in a press statement released last Thursday said it would publish the full list of institutions that had submitted their complete student information, as requested by NELFUND, for upload onto the NELFUND Student Verification System portal.

This list of both federal and state-owned institutions will be published to ensure transparency and to encourage due access and participation in the student loan scheme, NELFUND said in a statement by NELFUND’s Head of Media, Nasir Ayitogo,.

President Bola Ahmed Tinubu, on April 3, signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.

The assent was sequel to the separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and the Tertiary Education Trust Fund.

The Act empowers the Nigeria Education Loan Fund to provide student loans to qualified Nigerian students for tuition, fees, charges and upkeep during their studies in approved public tertiary institutions and vocational and skills acquisition establishments in the country.

Recall that NELFUND’s Managing Director, Dr. Akintunde Sawyerr, once disclosed that students’ accessibility to student loans would be based on the institution’s responses.

 Dr. Akintunde Sawyerr, had also stated that over 90% of federal institutions had also collaborated with NELFUND

Source: https://punchng.com/137-federal-institutions-subscribed-to-student-loan-nelfund/.