The Nigerian Education Loan Fund (NELFUND) has unveiled a strategy to collaborate with recruitment agencies, providing direct employment opportunities for loan beneficiaries. Akintunde Sawyer, Managing Director of NELFUND, revealed this during an interactive session with the Coalition Against Corruption and Bad Governance (CACOBAG) in Lagos. The aim is to accelerate loan repayment by securing employment for beneficiaries shortly after graduation. Beneficiaries are expected to commence repayment two years after completing their National Youth Service Corps (NYSC) program, but those who secure employment earlier can begin repayment ahead of schedule. The streamlined application process allows students to access the loan through their respective institutions, supporting Nigerian undergraduates struggling with tuition fees to complete their education.
In pursuit of transparency in loan disbursement, Sawyer urged the support of Civil Society Organizations (CSOs), ensuring fairness and accountability throughout the loan allocation process
Source: Techeconomy
