The onboarding of the 22 state-owned institutions brings the total number of approved state institutions to 108.
The Nigerian Education Loan Fund (NELFUND) has announced that 22 more state-owned tertiary institutions will benefit from the student loan scheme.
NELFUND stated this on its X handle on Wednesday.
“The Nigeria Education Loan Fund has announced that students from the following 22 state-owned tertiary institutions can now apply for loans on its portal: nelf.gov.ng
“This followed a review by the committee responsible for the Student Verification System. Prior to this, 86 state-owned institutions were cleared, bringing a total of 108 institutions whose students are now able to apply,” the statement posted via @NELFUND on X said.
The onboarding of the 22 state-owned institutions brings the total number of approved state institutions to 108.
The implementation of the student loan scheme is President Bola Tinubu’s flagship project in the education sector.
Barely a month after his inauguration as president, Tinubu signed the Access to Higher Education Act, which creates a legal framework for granting loans to indigent or low-income Nigerians to facilitate the payment of their fees in Nigerian tertiary institutions.
The law, reenacted earlier this year, created the Nigerian Education Loan Fund.