In a significant development, Bola Tinubu has launched a new student loan scheme at the State House in Abuja. The scheme, which involves an initial ₦35 billion allocation, aims to benefit 70,000 students through the Nigerian Education Loan Fund (NELFund). At a recent meeting in Abuja, Jim Ovia, appointed by Tinubu to chair the NELFund’s governing board, approved the criteria for loan disbursements.

The inauguration event at the Villa includes the establishment of a presidential committee tasked with overseeing the program’s implementation. Tinubu’s directive to the committee emphasizes the importance of adhering to the scheme’s objectives without deviation.

Stay tuned for more updates on this developing story.