Chief of Staff to President Bola Ahmed Tinubu, Femi Gbajabiamila has said that efforts are underway to ensure the take-off of the Students’ Loan Application scheme in January 2024, to ensure that Nigerian students could access the loan “to fund their educational aspirations.”
Gbajabiamila, speaking in Lagos on Friday, said the system was being designed in a way that there is no interface between the loan administrators and the beneficiaries adding that application, verification and disbursement will be carried out virtually based on the verifiable documents and credentials submitted.
He added that referrals and preferences will not be used in picking qualified applicants, saying that the access to the financing will be genuinely equal.
He said, “Nobody will need to know anybody to qualify for these loans so that access to this financing will be genuinely egalitarian.”
It would be recalled that President Tinubu recently signed the Student Loan Bill into law, assuring that no student would drop out of tertiary institutions over inability to pay their fees.
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