Student loan suspended for weeks, not indefinitely — FG

The federal government has given clarification after it suspended the kickoff of its student loan scheme.

According to the Executive Secretary of the Tertiary Education Trust Fund, Sonny Echono, the launch of the student loan scheme has only been postponed for a couple of weeks and not indefinitely.

He said this at the TETFUND headquarters in Abuja when the governor of Kwara state paid him a courtesy visit.

Echono said the delay in the launch is only to make sure that there are no complications in the proper implementation of the scheme and to ensure that the scheme is up to standard.

Echono’s clarification followed the announcement by the Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer that the launch of the scheme had been suspended indefinitely.

Sawyer in an interview with Arise news channel said the loan scheme was postponed due to some corrections that were being made around the launch.

“Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can actually roll this out in a meaningful, comprehensive, wholesome and sustainable way,” he said.

However, speaking in Abuja, Echono said, “The loan has not been postponed indefinitely, there’s just a little housekeeping that needs to be done, the president has arrangements in place for the launch.