Students’ loan: NELFUND to link beneficiaries with recruitment agencies

The Nigerian Education Loan Fund (NELFUND) has revealed plans to bring on board recruitment agencies on its platform to provide direct employment opportunities for applicants of the loans.

NELFUND’s Managing Director, Akintunde Sawyer, who disclosed this yesterday during an interactive session with the Coalition Against Corruption and Bad Governance (CACOBAG) in Lagos, stressed that quick employment of applicants after graduation would help fasten repayment of the loans.

He said beneficiaries were expected to begin repayment two years after the completion of their National Youth Service Corp (NYSC), but that those who got employed early could begin to repay before the stipulated period. 

The NELFUND boss assured of a seamless approach by applicants to get access to the loan through their respective institutions, stressing that the loan was to ensure all Nigerian undergraduates struggling with payment of their tuition fees were able to complete their academics.

Also, in a bid to ensure transparency in the disbursement process, he called for the support of Civil Society Organisations (CSOs).