The Kwara State government has stated that the federal government’s student loan policy increases the chances of low-income earners obtaining a quality higher education in the country.
This position was announced in Ilorin during a state-wide sensitisation program for tertiary education students.
The Nigeria Education Loan Fund (NELFUND) co-organised the event with Dr. Adetola Salau, the Governor’s Special Adviser on Education, Policy Formulation, and Human Capital Development.
It was themed ‘Empowering Students through Financial Inclusion and Entrepreneurship’.
Managing Director NELFUND, Akintunde Sanya, who spoke through Executive Director Operations, Mustapha lyal, said so far over 400,000 applications across Nigerian institutions have been received since the launch of their operation, out of which 70% had been cleared.
He said that thousands of students from Kwara State have benefited from the loan scheme with about N900m disbursed to the combined public institutions in the state.
