Student Loan: NELFUND Partners with Recruitment Agencies to Expedite Loan Beneficiaries’ Employment Opportunities

By Admin

In a concerted effort to boast post-graduation employment prospects for loan beneficiaries, the Nigerian Education Loan Fund (NELFUND) has announced plans to collaborate with recruitment agencies.

This initiative was unveiled by NELFUND’s Managing Director, Akintunde Sawyer, during an interactive session with the Coalition Against Corruption and Bad Governance (CACOBAG) in Lagos.

Sawyer emphasized the important role of swift employment in accelerating loan repayments, asserting that beneficiaries could commence repayment earlier if gainfully employed before the stipulated period.

Under the scheme, beneficiaries are slated to begin repayment two years after completing their National Youth Service Corp (NYSC) obligations.

The primary objective of NELFUND’s loan program is to alleviate financial constraints hindering Nigerian undergraduates from completing their academic pursuits by facilitating access to tuition funds. Sawyer underscored the seamless process through which applicants could access the loan via their respective institutions.

Furthermore, to ensure transparency in the disbursement process, Sawyer called for the collaboration and oversight of Civil Society Organisations (CSOs), highlighting NELFUND’s commitment to accountability and ethical governance.