The Nigeria Schooling Mortgage Fund (NELFUND) is planning to alter its guidelines for scholar loans. Akintunde Sawyerr, the pinnacle of NELFUND, talked about this throughout a digital assembly known as ‘Scholar Mortgage Masterclass: Why, What, and How?’ organised by The Renewed Hope International.

Sawyerr stated that loans would quickly solely be given for programs which can be in excessive demand as a result of they’re extra more likely to result in jobs that may pay again these loans. This transformation is to guarantee that training helps the nation’s progress.

“Proper now, we give loans to all college students, however we all know that some programs are extra vital for Nigeria than others. For instance, engineering or medical programs are extra helpful to us than language programs,” Sawyerr defined.

Nonetheless, he additionally famous that they could nonetheless assist programs that may assist college students get jobs abroad and ship a refund to Nigeria.

Thus far, 335,000 college students throughout 127 schools and universities have gotten assist from this mortgage program.