The highly anticipated student loan program will officially launch this Friday, benefiting 1.2 million students enrolled in federal tertiary institutions nationwide, according to Akintunde Sawyerr, the Managing Director/Chief Executive.
During a press conference in Abuja, Sawyerr mentioned that the initial phase of the program would provide assistance to 1.2 million students attending federal universities, polytechnics, colleges of education, and technical colleges.
He said, “There are approximately 1.2 million students in federal tertiary institutions owned by the government. Today, by inference, 1.2m students maximum at the federal level (will benefit), but there might be an opportunity to increase the capacity in terms of more institutions, and when we begin to bring in state-owned institutions, then the numbers can go up.’’
“The loan application process has been streamlined to ensure easy access for all eligible students in federal tertiary institutions. Applicants can access online support to assist with any questions or concerns during the application process.
“We believe that education is a vital investment for the future. We envisage that the student loan initiative of Mr President is a testament to this commitment.”
