JUST IN: FG reacts to postponement of Students Loan Fund

JUST IN: FG reacts to postponement of Students Loan Fund

The Nigerian Education Loan Fund (NELFUND) has denied some reports indicating that the launching of Students Loan Fund  has been suspended indefinitely.

This information was disclosed in a statement signed and made available to the newsmen today in Abuja by Nasiru Ayitogo on behalf of the Executive Secretary, Mr Akintunde Sawyerr.

While there was postponement, however, the Executive Secretary emphasized that it was not ‘indefinite’ as widely reported by the media.

The statement reads in full below:

“The attention of the Nigerian Education Loan Fund (NELFUND) management has  been drawn to reports in some sections of the media, particularly social media,

suggesting that the launch of the most-anticipated students loan scheme, initially  scheduled for Thursday, March 14, 2024, has been postponed indefinitely.

“While there has been a postponement, we wish to state that it is not indefinite, as  alluded to in the reports.

“It will be recalled that the Executive Secretary of NELFUND, Mr Akintunde Sawyerr,  in a television interview on Tuesday, March 12, 2024, disclosed that the  postponement was necessitated because of the need to have all stakeholders fully  aligned before the formal flag-off by President Bola Ahmed Tinubu.

“For the avoidance of doubt, NELFUND is 100 per cent set for the launch. The loan  application portal is ready, and President Bola Ahmed Tinubu has since approved

the funds for the smooth take-off.

“Students are advised to seize the opportunity and apply for the loans as soon as it is launched at a date to be determined by the President.”

By PRNigeria