President Tinubu Launches Student Loan Scheme at Aso Rock: A New Era for Nigerian Students

President Bola Tinubu has officially launched the Student Loan Scheme at the Aso Rock Presidential Villa in Abuja. This landmark initiative marks a significant milestone in the government's efforts to make higher education more accessible and affordable for Nigerian students. The scheme, which has been designed to provide financial support to students pursuing higher education, has allocated a total of ₦35 billion for disbursement to 70,000 initial applicants. The Nigerian Education Loan Fund (NELFund) will oversee the disbursement of the loans, with Jim Ovia serving as the chairman of the Governing Board. The launch of the Student Loan Scheme is a testament to the government's commitment to investing in the future of Nigerian youth. By providing access to affordable funding, the scheme aims to reduce the financial burden on students and their families, enabling them to focus on academic success and achieving their full potential. As the scheme gets underway, it is expected to have a positive impact on the lives of thousands of students across the country.