From Fred Ezeh, Abuja
Economic and Financial Crimes Commission (EFCC) has provided additional N50 billion to Nigerian Education Loan Fund (NELFund), for use in the students loan scheme.
This was in compliance with a directive of President Bola Tinubu contained in his speech on 4th August, 2024, directing the EFCC to transfer the funds to NELFund to further boost the student loan programme.
Mrs. Oseyemi Oluwatuyi, Director, Corporate Communications, NELFund, in a statement at the weekend, said that NELFund was pleased with the donation, appreciating the EFCC under the leadership of its Executive Chairman, Ola Olukayode, for their swift action ensuring the release of the funds.
She stressed that the financial intervention
represents a major milestone in the Administration’s commitment to bolstering access to education by providing financial support to students across Nigeria.
She said: “By deciding to allocate these funds to the student loan scheme, President Tinubu has once again demonstrated his visionary leadership and commitment to fostering a brighter future for Nigerian students and to the socioeconomic advancement of Nigeria.
“His decision to direct these funds into NELFunds student loan scheme underscore the administration’s broader social intervention policy aimed at uplifting the most populous, yet disadvantaged segment of Nigerian society, the youth.
“This infusion of funds will significantly boost NELFund’s ability to provide much-needed financial support to students, enabling them to pursue their academic aspirations without financial hindrance.”
She promised that with the support of the government and the EFCC, NELFund will continue to drive forward the mission of expanding access to tertiary education for all aspiring Nigerian youth and increasing the employability of well educated graduates in both the academic and vocational sectors.
She assured that NELFund remains committed to utilizing the funds equitably, responsibly and efficiently, ensuring that they directly benefit those who need them the most and have already sought a partnership with EFCC to oversee the disbursement process.