City Info
South East Lags in Utilizing Interest-Free Education Loan, Says NELFUND Official
- He assured the director and the delegation of the readiness of the government to provide the NELFUND the needed support and logistics to achieve the objective.
- Governor Otti has tasked Uche Emeh-Uche, the Commissioner for Tertiary Education, with partnering with TETFUND to conduct advocacy campaigns across tertiary institutions in Abia State.
Nneamaka Okafor, the Director of Regional Advocacy for the National Education Loan Funds (NELFUND), has expressed concern over the low application rate for educational loans in Nigeria’s South East region, Eko Hot Blog reports.
During a visit to Abia State Governor Alex Otti, Okafor revealed that the region ranks last in application for the interest-free loan facility, which aims to support students attending tertiary institutions.
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Approved in April, the loan facility allows beneficiaries to repay the funds over a period of two to ten years following the completion of their national youth service.
Governor Otti acknowledged the issue and emphasized the importance of raising awareness among students and residents about the facility and its benefits.
“We need to do this because this is a very good initiative by the federal government particularly for students from indigent homes to pursue their dreams without financial constraints.”
“I am sure if the students understand clearly that nobody will be chasing them around for the repayment until they secure a means of livelihood they will apply for it,” he said.
He assured the director and the delegation of the readiness of the government to provide the NELFUND the needed support and logistics to achieve the objective.
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Governor Otti has tasked Uche Emeh-Uche, the Commissioner for Tertiary Education, with partnering with TETFUND to conduct advocacy campaigns across tertiary institutions in Abia State.
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