Good News For Students’ Loans Fund, EFCC Injects N50bn

It is good news for the Nigerian students’ loans fund going by a latest gesture from the Economic and Financial Crimes Commission (EFCC).

This is because the Nigerian Education Loan Fund (NELFund) has confirmed receiving an EFCC N50 billion support to boost students’ loan delivery in the country.

These much were contained in a statement by NELFUND’s Head of Corporate Communications, Oseyemi Oluwatuyi.

Oluwatuyiin the statement, expressed the fund’s pleasure in receiving the said NN50 bn, on the heels of a directive of President Bola Tinubu, who had, on August 4, 2024, directed the EFCC to transfer the funds to NELFUND.

“This significant injection of funds represents a major milestone in the administration’s commitment to bolstering access to education by providing financial support to students across Nigeria,” the statement noted.

READ ALSO: How To Apply For The NELF Students’ Loan

“By deciding to allocate these funds to the student loan scheme, President Tinubu has once again demonstrated his visionary leadership and commitment to fostering a brighter future for Nigerian students and to the socioeconomic advancement of Nigeria,” the Fund said.

A students’ loans fund is one the interventions that the current administration hopes would help it win the confidence of the Nigerian masses, especially in view of the generalised economic suffering

Runaway inflation which has seen prices hitting the roof tops without a commensurate increase in wages, has since made nonsenses of the economic projections of both individuals and corporate organisations.

Most who had hoped for a quick resolution from the government have seen their hopes dashed, forced as it were, to further tighten an already suffocating economic belt.

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