Na Monday, di newly established Nigerian Education Loan Fund, NELFUND, announce say dem don share N20,000 monthly stipend to 20,371 students for six universities for July. Di six universities be Bayero University Kano, Federal University Dutsin-Ma, University of Ilorin, University of Benin, University of Ibadan, and University of Maiduguri.
Di Director of Finance of NELFUND, Ibom Uche, wey sign di statement, say di fund go soon start pay stipends to students from about 55 additional tertiary institutions across di country. "We don arrange make di fund conclude payments to eligible students within two weeks," he talk.
He say President Bola Tinubu on Sunday, for im speech to Nigerians on di ongoing protest, commit N50 billion to di student loan cause. "Na important thing be say di President only Sunday commit additional N50 billion naira from recovered proceeds of crime."
Di implementation of di student loan scheme be President Bola Tinubu's flagship project for education sector. Barely one month after im inauguration as president, Tinubu sign di Access to Higher Education Act, wey create legal framework for granting loans to indigent or low-income Nigerians to facilitate di payment of their fees for Nigerian tertiary institutions. Di law, wey dem reenact earlier dis year, create di Nigerian Education Loan Fund.
Source: Prime 9ja Online Pidgin: NELFUND Don Share N20,000 Monthly Stipend to 20,371 Students for July