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Two Weeks To January Deadline, FG Insists Student Loan Still On Course

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Barely two weeks to the end of January, the Federal Government has insisted that its Student Loan Scheme is still on course and will commence this month.

Recall that President Bola Ahmed Tinubu signed the Student Loan bill into law in June, 2023. The Act allows Nigerian students in tertiary institutions to access interest-free loans from the Nigerian Education Loan Fund.

The Minister of State for Education, Dr Yusuf Sununu, who was briefing the State House Correspondents on Wednesday after the first Federal Executive Council meeting for 2024, stated that the website for application is almost done and will be open for students soon.

“January is a reality. Already the website is almost done. Application for beneficiaries is going to be online and you can access your loan within 30 days,” he said.

Sununu, while briefing the press, also stated that the Fund has already been set aside in the 2024 budget and the supplementary budget 2023.

“The criteria for you is to get your admission, to be in Nigeria, and find yourself in a public school. If you are qualified, you have to apply online, which will be processed in a timely manner, and you can access your loan within 30 days.

“Fund has been set aside in the 2024 budget and the supplementary budget 2023. The essence is to increase and ease access to students who want to procure their higher education in Nigeria. And it’s also mainly for tertiary institutions,” he said.

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