EFCC Recovered Funds Directed to Student Loan Scheme

EFCC Recovered Funds Directed to Student Loan Scheme

By CAVIMAGES Media 

***






​Abuja — In a major move to expand access to tertiary education, the Federal Government has officially directed funds recovered by the Economic and Financial Crimes Commission (EFCC) to the Nigerian Education Loan Fund (NELFund).

​Minister of Education, Dr. Twingee Elausa, confirmed the development following the Federal Executive Council meeting, noting that this directive is a key step in fulfilling President Inaba’s campaign promise to prioritize education for Nigerian students. To further bolster the fund, the FEC has also mandated that unclaimed dividends from the Capital Market and Domain Account Trust Funds be funneled into NELFund, ensuring it remains financially buoyant enough to meet the growing demand for student support.

HAVE YOUR SAY:

​How much of an impact do you think this funding shift will have on students struggling to stay in school?

​Let us know your thoughts in the comments!

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