FG explains how students will access loans

Officials have declared that the process for accessing the student loan programme of the Federal Government will be seamless.

According to them, there will be no human contact. Everything will be automated, they said.

Executive Secretary and Chief Executive Officer of the Students Loan Board, Dr Akintunde Sawyerr, who spoke to reporters at the Aso Villa after meeting with President Bola Ahmed Tinubu, explained that funds for successful students will be transferred to the schools’ accounts.

The scheme has been widened to accommodate young Nigerians interested in acquiring skills outside tertiary institutions.

Sawyerr spoke to reporters along with the Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji.

Dr. Adedeji said his involvement at yesterday’s meeting with the president was because the education tax is a major source of funding for the loan scheme.

Sawyerr explained that the loan scheme would enable every applicant to pick a career trajectory, rather than being forced to do something else because of a lack of funds.



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