• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Education

FG postpones students loan scheme Indefinitely

Ngozi Ekugo by Ngozi Ekugo
March 13, 2024
in Education, Sectors
FG postpones students loan scheme Indefinitely
Share on FacebookShare on TwitterShare on Linkedin

The launch of the Nigerian Students Loan Scheme by the Federal Government has been indefinitely postponed.  

This was conveyed by the Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, during an interview. 

Earlier in June 2023, President Bola Tinubu signed a bill initiating a Students Loan Fund aimed at providing interest-free loans to Nigerians for higher education.  

RelatedStories

Tinubu commissions 37km Lekki Deep Seaport Access Road section built by Dangote 

Tinubu lauds Dangote refinery, says it’s “a great phenomenon of our time” in Nigeria 

June 6, 2025
Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

June 6, 2025

The bill, which passed the third reading in the lower chamber on May 23, 2023, aims to offer financial assistance to Nigerian students enrolled in tertiary institutions. 

Recommended reading: FG to launch Student Loan Fund scheme with an Application

About the Bill 

The bill, proposed by former Speaker of the House of Representatives, Femi Gbajabiamila, was slated to commence between September and October 2023. 

Despite initial plans, the program’s commencement was delayed, with Tinubu announcing a new start date for January 2024, after missing the October deadline. 

In January, Minister of State for Education, Yusuf Sununu, confirmed that preparations, including the creation of the Student Loan Scheme website and program implementation planning, were completed. 

Tinubu also communicated to leaders of the National Association of Nigerian Students that additional features, such as vocational studies, would be incorporated before the program’s launch. 

However, just 48 hours before the scheduled launch, Sawyer announced the postponement of the loan scheme due to ongoing corrections required before the launch.  

Sawyer regretfully stated that he would be unable to provide a specific date for commitment and explained that they were waiting to ensure alignment among all stakeholders to prevent anyone from being blindsided. He further mentioned that once this alignment was achieved, they could proceed with rolling out the project in a meaningful, comprehensive, wholesome, and sustainable manner. 

  • “Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can roll this out in a meaningful, comprehensive, wholesome and sustainable way,” he said.  
Recommended reading: FG says students loan recovery to begin 2 years after NYSC

Follow us for Breaking News and Market Intelligence.
Tags: Femi GbajabiamilaPresident Bola TinubuStudent Loan Scheme
Ngozi Ekugo

Ngozi Ekugo

A high-performing labour market analyst/ talent acquisition specialist providing research on labor availability, labour migration, workplace trends and career development opportunities. Having worked across various sectors such as the recruitment, consulting, investment banking (Goldman Sachs) and the media, both in Nigeria and the United Kingdom, I possess a unique blend of competencies and experience to thrive in any industry.

Related Posts

Tinubu commissions 37km Lekki Deep Seaport Access Road section built by Dangote 
Business News

Tinubu lauds Dangote refinery, says it’s “a great phenomenon of our time” in Nigeria 

June 6, 2025
Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 
Business News

Tinubu names Dangote, Otedola, Ovia, Abdulsamad as 4 wisemen of Nigeria’s economy 

June 6, 2025
FG engages Japan for $110 million food security loan 
Agriculture

FG engages Japan for $110 million food security loan 

June 5, 2025
Presidency: Nigeria’s 209 trillion cubic feet of gas positioned for energy transition 
Energy

Presidency: Nigeria’s 209 trillion cubic feet of gas positioned for energy transition 

June 1, 2025
Tinubu commissions 30km Section 1 of Lagos-Calabar Coastal Highway from Ahmadu Bello Way to Eleko 
Real Estate and Construction

Tinubu commissions 30km Section 1 of Lagos-Calabar Coastal Highway from Ahmadu Bello Way to Eleko 

May 31, 2025
Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 
Economy

Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 

May 30, 2025
Next Post
EFCC, NOUN, Sunflower Hotel

Security votes: EFCC counters former Governor Obiano’s motion against alleged N4 billion fraud case  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • LemFi acquires fintech pillar to launch Credit Cards for immigrants
  • SystemSpecs: The giant powering Africa’s digital future 
  • FCCPC summons Air Peace over unrefunded tickets on cancelled flights 

Follow us on social media:

Recent News

LemFi acquires fintech pillar to launch Credit Cards for immigrants

LemFi acquires fintech pillar to launch Credit Cards for immigrants

June 16, 2025
SystemSpecs: The giant powering Africa’s digital future 

SystemSpecs: The giant powering Africa’s digital future 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics