The Managing Director of the Nigerian Education Loan Fund NELFUND, Akintunde Sawyerr,has explained that the students loan programme introduced by President Bola Tinubu’s administration is designed to also reduce unproductivity and unhappiness amongst Nigerians students, which often lead to broader societal issues.
Sawyerr said this when he visited Borno State to engage students, educators, and government officials on the benefits of NELFUND initiative.
NELFUND, an initiative of President Bola Ahmed 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.
Sawyerr, who emphasised President Tinubu’s commitment to revitalizing education in the country, explained the loan’s modalities,which according to him,include creating an online profile as a prerequisite for application.
He clarified that the loan is interest-free and does not require a fixed repayment period, making it accessible and flexible for students.
Borno State Commissioner for Education, Science, Technology, and Innovation, Lawan Abba Wakilbe, reiterated the state government’s commitment to facilitating student access to the loan, hence 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, will guide students throughout the application process and ensure they fully understand THE benefits of the loan, which he described as a low-risk grant and encouraged all eligible students to take advantage of the programme.
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.
