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Student Loan: Lagos Youth Parliament hails Tinubu’s dedication



The Speaker, Lagos State Youth Parliament, Itunuoluwa Soniregun, has applauded President Bola Tinubu for bringing the Student Loan initiative to fulfilment.

Soniregun commended President Tinubu during an interview with our reporter on Sunday in Lagos, as the Federal Government declared the student loan application portal open.

NAN recalls that the management of the Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr, has announced May 24, as the official date for opening of the portal for the applications via

President Tinubu in April signed the Student Loan Act 2024 into law, NELFUND was established by the Act to offer loans for tuition, fees and living expenses at recognised higher education and vocational training institutions across Nigeria.

Soniregun said that the importance of the loan on youth and national development could not be overemphasised.

According to her, President Tinubu has shown ‘great dedication’ to the initiative, which will greatly benefit students.

”The financial burden associated with attending higher institutions can be overwhelming, this pressing need, I believe, has necessitated the implementation of the student loan bill in the country.

”The Federal Government of Nigeria, in its wisdom, has once again acknowledged the importance of investing in future leaders, by providing financial assistance through the Nigerian Education Loan Fund.

”We are indeed, impressed and applaud our vibrant President for not only keeping to his words on this initiative, but for the promptness which youths can have access to it from May 24.

”This, I must confess, presents a unique opportunity for our vibrant and ambitious youths to access higher education, without being deterred by financial constraints.

”By subscribing to this loan scheme, students can pursue their dreams, and acquire the skills necessary for personal and professional growth,” Soniregun said.

She, however, urged aspiring candidates to be proactive in seeking assistance and clarification from the relevant authorities when necessary, as they approached the scheme.

”For those who are interested in benefiting from the Nigerian Education Loan Fund, I encourage you to seize the opportunity and explore the possibilities it offers as soon as possible.

”Make thorough research about the requirements and guidelines; ensure that your applications reflect your commitment to academic excellence and personal growth.

”After getting it, use the funds wisely and judiciously, acknowledging that the Federal Government’s commitment to your education is a testament to their faith in your potential,” Soniregun said.

She charged would-be candidates to strive for excellence in their academic pursuits, as the knowledge and skills they acquired would transform their lives and contribute to overall growth of the nation.

Millicent Ifeanyichukwu

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



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