FG begins disbursement of loans to students September

The Federal Government on Wednesday, June 14, announced its plans to initiate the disbursement of student loans starting in September and October 2023.

David Adejo, the Permanent Secretary at the Federal Ministry of Education on behalf of the federal government confirmed this update during a media interaction held in Abuja.

The bill signed by President Bola Tinubu is to pave for students to access interest-free loans.

Adejo added that the law would provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund.

The loan, he said, covers students in private and public schools.

Tinubu had also approved a committee made up of ministries and agencies to see to the fruition of the loan scheme.