EXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalThe dawn of a new order, By Opeyemi BamideleEXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalThe dawn of a new order, By Opeyemi BamideleThe management of the Nigerian Education Loan Fund said on Wednesday that the postponement of the take-off of the initiative is not indefinite as reported in some sections of the media.
NELFUND in a statement issued on Wednesday and signed by Nasir Ayitogo on behalf of Mr Sawyer, said the media misrepresented what the official said while appearing on the television show. “While there has been a postponement, we wish to state that it is not indefinite, as alluded to in the reports.” Shortly after Mr Tinubu signed the Higher Education Access Bill into law, the then Permanent Secretary at the Ministry of Education, David Adejoh, said the scheme was scheduled to take off in September 2023, but it didn’t.
The Act, popularly known as the Students Loan Bill seeks to provide loans for indigent Nigerian students to pay fees in Nigerian tertiary institutions. Its sources of funding as dictated by the Act include; one per cent of all profits accruing to the federal government from oil and other minerals; one per cent of taxes, levies and duties accruing to the federal government from theThe Education Loan will also be funded through donations, gifts, grants, endowment and revenue accruing to the fund from any other source, according to the Act.
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