Tinubu Formally Launches Student Loan Scheme

President Bola Tinubu, on Wednesday, at State House, Abuja, formally launched the Student Loan Scheme.

Special adviser to the President on Social Media, Dada Olusegun, said the launch marked the formal commencement of the programme’s implementation.

The President had recently approved N35 billion for the scheme’s take-off, targeting 70,000 initial applicants.

The Governing Board of the Nigerian Education Loan Fund (NELFund), chaired by Jim Ovia, approved the disbursement of loans to successful applicants during its inaugural meeting in Abuja last month.

The student loan scheme, a flagship programme of the Tinubu administration, aims to provide financial support, including school fees and stipends, to eligible students nationwide.