Students’ loan management consults CSOs in LagosÂ

The management of the Nigerian Education Loan Fund, NELFUND, will be conducting civil society organisations and other stakeholders at a session scheduled to take place at the University of Lagos on Wednesday.

The team will be led by its managing director/chief executive officer, Mr. Akintunde Sawyer.

Nasir Aiytogo, the spokesperson for the NELFUND, stated this in his press invite.

President Bola Tinubu had set up the agency to facilitate the granting of loans to students in tertiary institutions.

The President had announced during the National Economic Group Conference that he had set aside the sum of ₦50billion for the commencement of the loan scheme.

As stated in its enabling Act, the funding for the scheme is based on 1 percent of collectible revenues by the Federal Inland Revenue Service, FIRS.