Nigerian govt lists those exempt from student loan scheme | EduCeleb
EduCeleb
24th May 2024
The Federal Government of Nigeria has declared that some individuals would be exempt from benefiting from the newly introduced students’ loan.
The government of President Bola Tinubu introduced the loan scheme through its established agency, the Nigerian Education Loan Fund (NELFUND).
EduCeleb.com reports that the first phase of the student loan scheme, is currently open to students from federal institutions across Nigeria.
However, individuals convicted of certificate forgery, drug offenses, and cultism are barred from accessing the federal government’s student loan scheme.
NELFUND, which is responsible for administering the scheme, outlined these exclusions in a series of “frequently asked” questions posted on its official X handle on Friday.
It specified that applications from citizens “convicted of fraud and forgery, drug offences, cultism, felony, or any offences involving dishonesty” will be rejected.
Additionally, those who have defaulted on previous loans from licensed financial institutions or have been dismissed for submitting fraudulent documents or exam malpractices by any school authority will also be ineligible.
This initiative aims to support students financially, ensuring access to education without the burden of financial constraints.