Tinubu effectively launches student loan scheme at Aso Villa

Following slight adjustments to the Student Loan Scheme, the Federal Government has officially launched the program.

At the time of this report, President Bola Tinubu is currently inaugurating a presidential committee to oversee the Scheme at the State House in Abuja.

To kick start the programme, the President had recently approved ₦35 billion to be disbursed through specific criteria by the Nigerian Education Loan Fund, NELFund, targeting 70,000 initial applicants.

Jim Ovia who was appointed by Tinubu to Chair the Governing Board of NELFund had approved the disbursement of loans to successful applicants during its inaugural meeting in Abuja last month.

At the inauguration currently taking place in the Villa, Tinubu is expected to give the implementation team terms of reference to ensure the scheme does not derail from its mandate.

Details later…