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NELFUND Reveals when Students at Private Institutions Will Get Loan - Daily Trust

  • NELFUND managing director Akintunde Sawyerr announced plans to possibly extend student loans to private institutions within three years in Nigeria.
  • This initiative follows prioritizing public institutions and aims to address challenges like misinformation and low loan uptake among students.
  • Following allegations of missing funds, the federal government formed an 11-member committee to review and improve the loan disbursement process nationwide.
  • Education Minister Tunji Alausa emphasized that there was no fraudulent activity involved with NELFUND, noting that the initial accusations made by the head of the ICPC have since been withdrawn.
  • The committee must submit its report in three weeks, after which new guidelines will be finalized to enhance transparency and efficiency in NELFUND operations.
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Business Hallmark broke the news in on Wednesday, May 14, 2025.
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