- NELFUND plans collaboration with recruitment agencies to provide direct employment opportunities for loan beneficiaries after graduation
- Managing Director Akintunde Sawyer highlights the aim to accelerate loan repayment by securing employment for beneficiaries shortly after graduation
The Nigerian Education Loan Fund (NELFUND) has unveiled a strategy to collaborate with recruitment agencies to offer direct employment opportunities to loan beneficiaries.
Akintunde Sawyer, Managing Director of NELFUND, revealed this during an interactive session with the Coalition Against Corruption and Bad Governance (CACOBAG) in Lagos. He emphasized that securing employment for loan recipients shortly after graduation would accelerate loan repayment.
Sawyer clarified that beneficiaries are expected to commence repayment two years after completing their National Youth Service Corps (NYSC) program. However, those who secure employment earlier can begin repayment ahead of schedule.
Assuring a streamlined application process, Sawyer noted that students could access the loan through their respective institutions. He underscored the loan’s objective to support Nigerian undergraduates struggling with tuition fees, enabling them to complete their education.
In pursuit of transparency in loan disbursement, Sawyer urged the support of Civil Society Organisations (CSOs). This collaboration aims to ensure fairness and accountability throughout the loan allocation process.