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The management of the Nigerian Education Loan Fund (NELFUND) has clarified that state owned tertiary institutions will benefit from the soon to commence student loan program.

The agency made this known through a press statement signed by its Media and Public Relations Lead, Nasir Ayitogo.

NELFUND

Ayitogo said the first phase of the scheme will focus on students of federal government owned tertiary institutions while subsequent ones will capture state owned institutions as well.

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“The management of Nigerian Education Loan Fund (NELFUND) has noticed the publication of misleading narratives on social media claiming that the student loan programme is solely for federal institutions. NELFUND categorically state that this information is incorrect.

“State institutions are unequivocally by law included in our student loan programme. The programme is designed to roll out in phases in order to ensure effective and efficient management of the process.

“The first phase for a start will focus on students attending federal institutions.

“The second phase, which will be launched shortly after the initial rollout, will extend the programme to students at state institutions.

“NELFUND is fully committed to providing financial support to all eligible students, regardless of whether they attend Federal or State tertiary public institutions.

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“The mission of the President Bola Ahmed Tinubu’s Renewed Hope Agenda is to ensure that all desirous students have access to the financial resources necessary to pursue their educational goals and aspirations”.

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