Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr has debunked the assertion of discrimination in the award and disbursement of the students’ loan scheme of the federal government.
He stated this during a maiden meeting with the House of Representatives Committee on Student Loans, Scholarships and Higher Education Financing on Wednesday, saying the scheme was inclusive in a manner that ensures that every Nigerian, regardless of location or background has unhindered access.
He said the agency has also been proactive in reaching out to segments of the nation that feel left behind, particularly the South East, adding that NELFUND has made significant progress in engaging these communities, with multiple rounds of sensitization in the region, resulting in a surge in applications for the loan.
According to him, the Fund has received over 350,000 applications and disbursed over N10 billion, with a commitment to disbursing N90 billion in tuition fees and stipends.
“Applications are coming in at an average of over 1,000 per day, and we are making special provisions for students living with disabilities. Moreover, we are focused on addressing the barriers to girl-child education, recognizing that denying girls the opportunity for further education is denying the nation a chance to benefit from their incredible leadership potential.
“With 70% of our population under the age of 35, failing to provide access to education for this segment exposes Nigeria to a future fraught with instability and violence. This intervention by President Tinubu could not have come at a better time”, he stated.
Chairman of the committee, Hon Gboyega Isiaka, in his remarks earlier said NELFUND was a very critical agency created not only to provide loans, but it’s about creating a future where every Nigerian youth has the opportunity to realise their potentials and contribute to the nation’s growth.