President Bola Tinubu formally launched the Student Loan Scheme on Wednesday, July 17, at the State House in Abuja.

The scheme aims to provide financial support for school fees and stipends to eligible students nationwide. The Nigerian Education Loan Fund (NELFund) Governing Board, chaired by Jim Ovia, approved the disbursement of loans during its inaugural meeting last month.

The flagship programme of the Tinubu administration is expected to benefit over 1.2 million students in its first phase, significantly aiding in the financial support of their education.