Tinubu effectively kicks off student loan scheme in Aso Rock
The Federal Government has effectively launched the Student Loan Scheme. At the time of this report, President Bola Tinubu is inaugurating a presidential committee at the State House in Abuja to oversee the scheme.
To initiate the program, the President recently approved ₦35 billion to be disbursed by the Nigerian Education Loan Fund (NELFund) according to specific criteria, targeting an initial 70,000 applicants.
Jim Ovia, appointed by Tinubu to chair the Governing Board of NELFund, approved the loan disbursement to successful applicants during its inaugural meeting in Abuja last month.
