By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FG Delays Student Loan Policy Rollout Amid Adjustments
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Education

FG Delays Student Loan Policy Rollout Amid Adjustments

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: March 13, 2024
Share
2 Min Read
SHARE

The Federal Government has announced further delays in the implementation of the student loan policy, citing ongoing adjustments to the scheme’s framework.

Akintunde Sawyer, the executive secretary of the Nigerian Education Loan Fund (NELF), disclosed during an interview with Arise TV on Tuesday that the body is still fine-tuning the policy and cannot commit to a specific launch date at this time.

The Access to Higher Education Law, signed by President Bola Tinubu in June 2023, aims to provide interest-free loans to indigent students, facilitating their access to education in government-run tertiary institutions. However, the rollout of the scheme has faced multiple postponements.

Initially scheduled to commence between September and October 2023, the launch was deferred due to technical reasons. Subsequent revised timelines for January 2024, February, and then March 14 were also pushed back.

- Advertisement -

According to Sawyer, the delay is attributed to the need for pre-launch corrections and alignment of stakeholders to ensure a seamless rollout process.

He stated, “Thursday (March 14) is not the day because there are some corrections being made around the launch itself. What we look to expect from this is the opportunity for students, sometime this month, to be able to put in their applications to access the loan. Unfortunately, I won’t be able to commit to a specific date.”

Sawyer emphasized the importance of thorough preparations to guarantee the scheme’s effectiveness and sustainability, highlighting the significance of stakeholder alignment in the process.

He added, “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.”

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:FGStudent loan
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article JAMB JAMB Warns Against Enrolling Minors for UTME Amid N100m Lawsuit
Next Article Governor Mohammed Bago of Niger State Governor Bago Approves N20,000 Wage Award for Niger Civil Servants

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Dangote Refinery Unveils N720bn CNG Truck Fleet to Slash Fuel Costs, Save Nigeria Over N1.7trn Annually
Energy & Oil
Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Aminu Dantata to be Buried in Madinah After Saudi Approval

Muhammad A. Aliyu
Muhammad A. Aliyu
June 29, 2025
CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?