President Bola Tinubuโs Chief of Staff, Femi Gbajabiamila, has said the Studentsโ Loan Application system was being designed in a way that there is no interface between the loan administrators and the beneficiaries.
Gbajabiamila said efforts were underway to ensure the take-off of the scheme in January 2024 to ensure that Nigerian students could access the loan โto fund their educational aspirations.โ
He spoke in Lagos on Friday while delivering the lecture titled, โEmpowering Nigerian Youths in the Present Day Economyโ at the 35th convocation ceremony of Yaba College of Technology (YABATECH).
Gbajabiamila said that to make the process seamless, โapplicants will apply online, be verified online and credited based on the verifiable documents and credentials they submitted.โ
He said, โNobody will need to know anybody to qualify for these loans so that access to this financing will be genuinely egalitarian.โ
Recently, Tinubu signed the Student Loan Bill into law.
Upon signing the bill, the President assured that no student would drop out of tertiary institutions over inability to pay their fees.
Tinubu said his administration would ensure educational institutions get the necessary resources to carry out their responsibilities.