According to Mr. Ayodele Olawande, Minister of State for Youth Development, the student loan program provides young people with interest-free financing for their postsecondary education.
According to him, the program will prevent undergraduates from quitting school due to financial hardships.”I believe that is a huge plus for the ministry if the president stated that a child will not drop out of school because he or she is unable to pay school fees.”
Olawande promoted the creation of favorable conditions so that youth might prosper and fulfill their life’s ambitions.
Since young people make up more than 60% of the population, he claims that much can be accomplished in an atmosphere that is supportive of them. According to the minister, the president ensures that the ministry’s recommendations and decisions are implemented.
According to Olawande, the plan included a chairman and an agency.
He mentioned that students might visit https://nelf.gov.ng to access the portal.
Simply apply; you don’t need to know anybody.
They will put everything together, submit it to the school, and take care of everything so that you may study well and ace the test.
He states that the loan is intended for students attending public technical and higher schools.
Olawande stated that since the nation had reached a point when talents were required, education alone could not suffice.
“The citizens of China, India, the United States, and other countries are successful because of their skills.”The government is not dictating that all education must take place at universities or polytechnics; rather, it is stating that technical schools must also be attended in order for students to acquire one or more skills.
He stated, “The majority of the foreigners they bring to Nigeria to come and work are technicians; they are not graduates.”
He claims that since young people are present in every ministry and parastatal, they continue to influence the majority of government choices.
The Act was brought back to the National Assembly in February for a thorough revision, and this time it was approved with the president’s approval.
