Nigerian Authorities has postponed indefinitely the launch of the Scholar Mortgage Scheme earlier set to happen on Thursday.
This was made recognized by Akintunde Sawyer, the Govt Secretary of the Nigerian Schooling Mortgage Fund (NELFUND), in an interview with Come up Information on Tuesday.
Sawyer mentioned that the launch had been postponed as there are some corrections which might be being made across the launch itself.
He, nonetheless, didn’t give a brand new date for the launch.
“Sadly, I received’t be capable of decide to a particular date. We’re form of ready to make sure that all of the stakeholders are aligned to make it possible for no one is blindsided, then we are able to really roll this out in a significant, complete, healthful and sustainable method.
“One factor that I’ll decide to is that it is a well-intended challenge. The president, President Bola Ahmed Tinubu means properly round this and completely desires this rolled out as quick as doable, and we’re working very arduous to assist realise that,” Sawyer mentioned.
reporter reported that President Bola Tinubu had on June 12, 2023, signed into legislation the Entry to Increased Schooling Act, 2023, marking a major step ahead within the provision of interest-free loans for underprivileged college students in Nigerian tertiary establishments.
Tinubu’s minister, Dele Alake, who was a member of the then Presidential Technique Group, mentioned the transfer was made in fulfilment of one among Tinubu’s marketing campaign guarantees to liberalize funding for training.
The Mortgage Scheme was initially slated to take impact in September, however the implementation was delayed.
Nonetheless, Tinubu remained resolute, asserting that this system can be launched in January 2024.
The presidency then finally introduced that the scheme can be launched on Thursday, the 14th of March, which has now been postponed.
