The Managing Director of the Nigerian Education Loan Fund, Dr. Akintunde Sawyerr, says students of higher institutions based in Nigeria’s South are not applying for loans because they doubt the viability.
Dr. Akintunde Sawyerr, Managing Director of the Nigerian Education Loan Fund, says students in Nigeria’s South are skeptical about the education loan scheme and are not applying due to doubts about its viability.
In contrast, students from the North are more proactive in applying for the loans, with tertiary institutions in the region showing better coordination and support.
Sawyerr attributes the skepticism in the South to a lack of awareness and understanding, but believes it will dissipate as more loans are disbursed and awareness increases.
The loan scheme, launched by President Bola Tinubu, aims to provide accessible funding for higher education and has received praise from the National Association of Nigerian Students, who call it a “new dawn” in the education sector.
