President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila, has said the Students’ Loan Application system was being designed in a way that there is no interface between the loan administrators and the beneficiaries.
Gbajabiamila said efforts were underway to ensure the take-off of the scheme in January 2024 to ensure that Nigerian students could access the loan “to fund their educational aspirations.”
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He spoke in Lagos on Friday while delivering the lecture titled, “Empowering Nigerian Youths in the Present Day Economy” at the 35th convocation ceremony of Yaba College of Technology (YABATECH).
Gbajabiamila said that to make the process seamless, “applicants will apply online, be verified online and credited based on the verifiable documents and credentials they submitted.”
He said, “Nobody will need to know anybody to qualify for these loans so that access to this financing will be genuinely egalitarian.”
Recently, Tinubu signed the Student Loan Bill into law.
Upon signing the bill, the President assured that no student would drop out of tertiary institutions over inability to pay their fees.
Tinubu said his administration would ensure educational institutions get the necessary resources to carry out their responsibilities.