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Akintunde Sawyerr, the Managing Director of Nigeria Education Loan Fund, NELFUND, has revealed that over 60,000 students from federal universities have registered for the student loan scheme since its launch.
Sawyerr made this known at a press conference in Abuja on Thursday.
According to him, 90 per cent of federal universities have submitted their students’ data to the NELFUND’s dashboard, adding that 10 per cent were yet to submit theirs.
He stated that the student loan scheme will take off with 1.2 million students as beneficiaries and the loan would be paid directly to their various institutions.
Sawyer added that the portal for state owned tertiary institutions will be open in three weeks, and urged them to begin submitting their students’ data for processing.