The Nigerian Education Loan Fund (NELFUND) says it has opened the loan portal for students from state-owned tertiary institutions to enable them to apply for the loan.
In a tweet on X on Sunday, July 7, NELFUND stated that the management of the institutions had successfully submitted their student data to the NELFUND Student Verification System (SVS).
The statement said : “The Nigerian Education Loan Fund (NELFUND) is pleased to announce that students enrolled in the following 36 state-owned tertiary institutions can now apply for student loans effective today, 7th July 2024
“The management of these institutions have successfully submitted their student data to the NELFUND Student Verification System (SVS).
“We urge all other state-owned tertiary institutions to submit their complete student data to the NELFUND Student Verification System timely to enable their students to benefit from the scheme.”
The affected institutions are Adamawa State University, Mubi; Ramat Polytechnic, Maiduguri; Borno State University; Mohammed Lawan college of Agriculture, Borno State; Edo State University, Uzairue; Ekiti State University, Ado-Ekiti; Gombe State University; Kingsley Ozumba Mbadiwe University, Imo State; Imo State University of Agriculture and Environmental Sciences Umuagwo; Nuhu Bamalli Polytechnic, Zaria; Yusuf Maitama Sule University, Kano; Umaru Musa Yar’adua University, Katsina; Katsina State Institute of Technology and Management; Kebbi State University of Science and Technology, Aliero; Confluence University of Science and Technology, Kogi state and Lagos state university of education.
Others are: Lagos State University; Nasarawa State University, Keffi; Tai Solarin University of Education, Ogun state; University of Medical Sciences, Ondo; Osun State University; UNIVERSITY OF ILESA, OSUN STATE; GTC, ARA Osun State; GTC, GBONGAN Osun State; GTC, IJEBU-JESA Osun State; GTC, ILE-IFE Osun State; GTC, INISA Osun State; GTC, IWO Osun State; GTC,OSU Osun State; GTC, OTAN AYEGBAJU Osun State; OSUN STATE COLLEGE OF EDUCATION, ILA-ORANGUN; GOVERNMENT TECHNICAL COLLEGE ILE-IFE; OSUN STATE COLLEGE OF TECHNOLOGY; Taraba State University, Jalingo; Umar Suleiman College of Education, Gashua, Yobe State and Zamfara State University, Talata Mafara.
NELFUND had on June 25, 2024, shifted the application process for student loan for applicants from state-owned tertiary institutions to July 10 due to low data submissions.
The process was supposed to be opened to the students from June 25, 2024.
In a statement by Head, Media and Public Relations, Nigerian Education Loan Fund (NELFUND), Nasir Ayitogo the organisation had said the decision to shift the date was necessitated by the failure of several state-owned institutions to upload the required student data and fees information to the NELFUND Student Verification System (SVS).
No fewer than 1.2 million students are expected to benefit from the cardinal programme of the President Bola Tinubu administration.
The ambitious cardinal programme will be funded with one per cent of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS).
The president approved N35 billion for the take – off of the scheme.
President Tinubu on April 3 signed into law the bill on the scheme in line with his electoral promise that no Nigerian student would drop out of school on account of lack of funds.
According to the law, repayment will commence two years after the completion of the National Youth Service Corps (NYSC) programme.
(vitalnewsngr.com)
