President Bola Tinubu is set to inaugurate the Student Loan Scheme on February 21 at the State House in Abuja, pending any alterations.
Dr. Akintunde Sawyerr, Executive Secretary of the Nigeria Education Loan Fund, confirmed the launch date coinciding with the commencement of nationwide candidate applications.
Tinubu’s signing of the Access to Higher Education Act in 2023 paved the way for interest-free loans for indigent students, fulfilling a campaign pledge to bolster education funding.
The Act, also known as the Students Loan Law, established the Nigerian Education Loan Fund to oversee loan requests, grants, disbursement, and recovery.
A Presidency official, speaking anonymously, affirmed the planned launch date, pending any unforeseen changes.
