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The Nigerian Training Mortgage Fund (NELFUND) has introduced the onboarding of extra 12 state-owned tertiary establishments to the checklist of establishments eligible for scholar mortgage functions, efficient Wednesday, July 10, 2024.
That is contained in an announcement signed by the spokesperson of NELFUND, Nasir Ayitogo, on Wednesday.
Ayitogo acknowledged that the enlargement follows the profitable submission and verification of information completeness and accuracy required from the establishments.
In accordance with him, the entire variety of collaborating state-owned tertiary establishments has elevated from the preliminary 36 to 48.
He, nonetheless, famous that information from 121 establishments continues to be excellent.
“The Administration of Nigerian Training Mortgage Fund (NELFUND) is delighted to announce the onboarding of a further twelve (12) state government-owned tertiary establishments to the scholar mortgage software portal.
“This enlargement comes following the profitable submission and verification of information completeness and accuracy required from the establishments.
“With this newest addition, the entire variety of collaborating state government-owned tertiary establishments has now elevated from the preliminary 36 introduced earlier to 48. College students information from 121 establishments is excellent,” he mentioned.
Lists of the 12 Tertiary Establishments
Beneath are full lists of the 12 state-owned tertiary establishments at the moment accepted for scholar mortgage software by NELFUND:
- Abia State Polytechnic
- Benue State College, Makurdi
- Faculty of Training, Waka-Biu
- College of Medical and Utilized Sciences Enugu State
- Aliko Dangote College of science and Expertise Wudil, Kano State
- KWARA POLYTECHNIC
- Lagos State College of Science and Expertise
- Ibrahim Badamasi Babangida College Lapai, Niger State
- Olabisi Onabanjo College
- Abraham Adesanya Polytechnic
- Taraba State Polytechnic
- Yobe State College
Backstory
Nairametrics reported earlier that NELFUND commenced scholar mortgage functions for 36 state-owned tertiary establishments throughout Nigeria.
In accordance with NELFUND, these establishments have efficiently submitted their scholar information to the NELFUND Pupil Verification System (SVS).
The administration has additionally urged different state-owned tertiary establishments to promptly submit their full scholar information to the NELFUND SVS to make sure their college students can profit from the scheme.
See right here the colleges on the earlier checklist.
What it is best to know
The revised Pupil Mortgage Act 2024 goals to remove monetary limitations and make training accessible to all Nigerian college students, no matter their financial background.
NELFUND’s main funding sources embrace a proportion of taxes, levies, and duties collected by the Federal Inland Income Service (FIRS), Nigerian Immigration Service, and Nigerian Customs Service, amounting to 1% of their whole revenues.
Moreover, the fund will obtain contributions from authorities income generated via pure useful resource exploitation, training bonds, endowment fund schemes, and donations from people and organizations.
The loans cowl tuition, charges, and upkeep prices, with reimbursement beginning two years after the beneficiary completes the NYSC program.
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