Student Loan Application System to Begin January 2024

The Chief of Staff to the President, Femi Gbajabiamila, has said efforts are underway to ensure the take-off of the Students’ Loan Application scheme begins in January 2024 to ensure that Nigerian students can access the loan “to fund their educational aspirations.”

He said the Students’ Loan Application system is being designed to ensure that there is no interface between the loan administrators and the beneficiaries.

He spoke in Lagos while delivering a lecture titled, “Empowering Nigerian Youths in the Present Day Economy” at the 35th convocation ceremony of Yaba College of Technology (YABATECH).

Gbajabiamila said that to make the process seamless, “applicants will apply online, be verified online and credited based on the verifiable documents and credentials they submitted.”

He said, “Nobody will need to know anybody to qualify for these loans so that access to this financing will be genuinely egalitarian.”