The Managing Director, Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has stated that the loan programme was designed to reduce unproductivity amongst Nigerians students.
Sawyerr disclosed this after his visit to Borno State to engage with students, government officials and educators.
He said that the loan programme was also designed to benefit students to meet their academic needs as well as reduced their unhappiness which often lead to broader societal issues.
He said the visit to Borno State was aimed at engaging with students, educators, and government officials, while highlighting the benefits of the NELFUND initiative.
He also emphasised on President Bola Tinubu’s commitment to revitalising education in the country.
Sawyerr explained to students the loan’s modalities, which include creating an online profile as a prerequisite for application.
Clarifying that the loan is interest-free and does not require a fixed repayment period, he said the fund is making the loan accessible and flexible for students.
Also, the Borno State Commissioner for Education, Science, Technology, and Innovation, Lawan Wakilbe, reiterated the state government’s commitment to facilitating student access to the loan.
Wakilbe announced the establishment of a dedicated desk officer for NELFUND in the state, Ali Sheriff to work in collaboration with the Special Adviser to governor Zulum on Higher Education and other educators.
This initiative, Wakilbe added would guide students throughout the application process and ensure they fully understood the benefits of the loan.
During the session, questions were raised seeking further clarification, where the Managing Director provided detailed responses, shedding more light on the programme and its benefits.
NELFUND, an initiative of President Bola Tinubu’s Renewed Hope Agenda, aims to provide all higher institution students with access to financial resources, enabling them to pursue their educational goals and aspirations at ease.
