President Bola Tinubu is ready to launch the Pupil Mortgage Scheme on Wednesday, July 17, 2024, marking the formal graduation of the programme’s implementation.
LEADERSHIP gathered that the launch of the scholar mortgage scheme will happen on the State Home, Abuja.
It might be recalled that the President had just a few weeks in the past accepted ₦35 billion for the scheme’s take-off, concentrating on 70,000 preliminary candidates.
The Governing Board of the Nigerian Schooling Mortgage Fund (NELFund), chaired by Mr. Jim Ovia, had accepted the disbursement of loans to profitable candidates throughout its inaugural assembly in Abuja final month.
“By approving the quick disbursement of the loans, (NELFund) has taken a vital step in fulfilling its mission to assist schooling and empower the subsequent technology of leaders,” the company stated in a press release.
The scholar mortgage scheme, a flagship programme of the Tinubu administration, goals to offer monetary assist, together with faculty charges and stipends, to eligible college students nationwide. Over 1.2 million college students are anticipated to learn from the primary part of the programme.
