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EFCC Contributes N50bn to Pupil Mortgage Scheme – NELFUND
The Nigerian Schooling Mortgage Fund (NELFUND) has confirmed receiving a further N50 billion from the Financial and Monetary Crimes Fee (EFCC) for the coed mortgage scheme.
In keeping with the organisation, the discharge adopted the directive of President Bola Tinubu in his speech on 4th August 2024, directing the EFCC to switch the funds to NELFUND to additional increase the coed mortgage programme.
“This vital injection of funds represents a significant milestone within the Administration’s dedication to bolstering entry to training by offering monetary assist to college students throughout Nigeria,” NELFUND mentioned in a press release by its Director, Company Communications, Mrs Oseyemi Oluwatuyi on Friday in Abuja.
It added: “The fund extends its deepest appreciation to President Bola Ahmed Tinubu for his unwavering dedication to the training sector and his continued efforts to assist probably the most susceptible segments of the inhabitants.
“By deciding to allocate these funds to the coed mortgage scheme, President Tinubu has as soon as once more demonstrated his visionary management and dedication to fostering a brighter future for Nigerian college students and to the socioeconomic development of Nigeria.
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“NELFUND additionally needs to acknowledge and thank the Financial and Monetary Crimes Fee (EFCC) beneath the management of its Govt Chairman, Ola Olukayode for his or her swift motion making certain the discharge of the funds.
“Their diligent work has ensured that these assets have been promptly made accessible to learn the training of our nation’s youth.
“President Bola Ahmed Tinubu’s choice to direct these funds into NELFUND’s pupil mortgage scheme underscores the administration’s broader social intervention coverage geared toward uplifting probably the most populous, but deprived phase of Nigerian society, the youth.”
In keeping with NELFUND, the infusion of the funds would considerably increase its capability to supply much-needed monetary assist to college students, enabling them to pursue their tutorial aspirations with out monetary hindrance.
The assertion added: “NELFUND stays dedicated to using these funds equitably, responsibly and effectively, making certain that they instantly profit those that want them probably the most and have already sought a partnership with EFCC to supervise the disbursement course of.
“With the assist of the federal government and the EFCC, NELFUND will proceed to drive ahead the mission of increasing entry to tertiary training for all aspiring Nigerian youth and growing the employability of well-educated graduates in each the educational and vocational sectors.”
