Lagos, Nigeria
Femi Gbajabiamila, chief of staff to President Tinubu, has said the government is designing the students’ loan application system in a way that there is no interface between the loan administrators and the beneficiaries.
Gbajabiamila said the government is making efforts to ensure the take-off of the scheme in January 2024 to ensure that Nigerian students could access the loan “to fund their educational aspirations.”
The President’s chief of staff said this in Lagos on Friday during his lecture titled, “Empowering Nigerian Youths in the Present Day Economy” at the 35th convocation ceremony of Yaba College of Technology (YABATECH).
He said to make the process seamless, “applicants will apply online, be verified online and credited based on the verifiable documents and credentials they submitted.”
“Nobody will need to know anybody to qualify for these loans so that access to this financing will be genuinely egalitarian,” Gbajabiamila stated.
The student loan bill was part of the first set of bills signed into law by Tinubu when he assumed office.
The president assured Nigerians that no student would drop out of tertiary institutions over inability to pay their fees.
Tinubu said his administration would ensure educational institutions get the necessary resources to carry out their responsibilities.
