President Bola Ahmed Tinubu has directed that funds recovered and seized by the Economic and Financial Crimes Commission (EFCC) be channelled towards funding the Nigeria Education Loan Fund (NELFUND).
The directive is aimed at strengthening the government’s student loan scheme and expanding access to tertiary education for Nigerian students.
NELFUND provides financial assistance to eligible students to enable them to pursue higher education without being hindered by financial difficulties.
The latest directive is expected to increase the resources available to the scheme and support more students across universities, polytechnics and other tertiary institutions.
Further details on the implementation of the directive are expected from the relevant government agencies.
