Reason, other details emerge as FG postpones student loan application for 2 weeks

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements.

The Management of Nigerian Education Loan Fund on Tuesday announced a 14-day postponement of the application process for student loan for state institutions due” to low data submissions,” a statement by the agency said in Abuja.

Students and President Bola Tinubu. Images for illustration. Photo credit: Scholarship Region, Asiwaju Bola Ahmed Tinubu
Source: Facebook

Why the application was postpones for 2-weeks

The Fund said the decision was necessitated by the failure of several state-owned institutions to upload the required student data and fee information to the NELFUND Student Verification System.

“To date, only a limited number of state-owned institutions have successfully completed the data submission process. These include 20 state universities out of 48, 12 state colleges out of 54, and 2 state polytechnics out of 49.

“While we acknowledge the efforts of these institutions, the failure to submit data from the remaining state institutions poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.

FG provides answers to questions on student loan

Meanwhile, Nigerians need answers to a lot of questions regarding the newly signed amended student loan bill by President Bola Ahmed Tinubu.

Tinubu signed the bill after the House of Representatives and the Nigerian Senate passed it for presidential approval.

The Special Assistant to President Tinubu on Social Media| National Convener of the PBAT Media Centre, Olusegun Dada, shared a video which highlighted some of the frequently asked questions about the scheme.

Source: Legit.ng