FG postpones Student Loan Scheme launch indefinitely

The launch of the Student Loan Scheme in Nigeria, which was scheduled for Thursday, has been indefinitely postponed by the Nigerian Government. 

This announcement was made by Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), in an interview with Arise News on Tuesday.

Sawyer stated that the launch was postponed in order to make necessary corrections and improvements before proceeding with the event.

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He, however, did not give a new date for the launch.

“Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can actually roll this out in a meaningful, comprehensive, wholesome and sustainable way.

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“One thing that I will commit to is that this is a well-intended project. The president, President Bola Ahmed Tinubu means well around this and absolutely wants this rolled out as fast as possible, and we’re working very hard to help realise that,” Sawyer said.

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