In a move aimed at redistributing wealth and targeting the education of the economically disadvantaged, the Student Loan Scheme in Nigeria will exclude students from private tertiary institutions, as announced by NELFUND CEO Mr. Akintunde Sawyerr.

The decision to exclude private institution students stems from socio-economic factors, including perceived wealth associated with attending private institutions and concerns about equitable access for students in public universities.

Funded by one percent of the revenue generated by the Federal Inland Revenue Service (FIRS) annually, the scheme will provide funding for tuition fees and stipends for daily living expenses based on the applicant’s course of study and institution.

Full story in the link: https://thenews-chronicle.com/why-private-university-students-wont-be-getting-fg-students-loan/