Mr. Tinubu appealed not to be taken hostage over the alleged plot to imprison Mr. Nnamdi Kanu.

Nigeria launches automated student loan scheme

The Nigerian government has launched a student loan program aimed at easing the financial burden of Nigerians pursuing higher education.

The government has announced that education levy, administered by the Federal Inland Revenue, will help finance this newly created student loan scheme.

He also said the scheme aims to ease the financial burden faced by students pursuing higher education, including university.

“One of the central pillars of President Bola Tinubu’s New Hope Agenda is the implementation of a student loan program aimed at substantially easing the financial burden of Nigerian students, especially from tertiary education to university. Yes,” the National Orientation Agency (NOA) said in a statement. statement.

According to NOA, the scheme will be fully automated, ensuring a streamlined process for loan applications and processing without human intervention.

Applicants can access a dedicated online portal or mobile application to submit their applications.

During this process, you will need to provide important details such as your JAMB registration number, date of birth, national identification number (NIN), and biometric number (BVN).

After loan approval, the allocated funds are transferred directly to the educational institution, providing administrative benefits to the institutions involved.

“On February 22, 2023, a test run of the Student Loan app was conducted prior to its official release.”


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