The Nigerian government has finally announced that the application portal for the much-awaited student loan will open on Friday, May 24.

The spokesman of the Nigerian Education Loan Fund, NELFUND, Nasir Ayitogo, disclosed this in a statement on Thursday.

The loan scheme allows students to access loans to pursue their academic aspirations without financial constraints.

The statement reads: “The management of the Nigerian Education Loan Fund, NELFUND, led by its Managing Director, Mr Akintunde Sawyerr, is thrilled to announce 24 May 2024, as the official date for the opening of the portal for student loan applications.

“This marks a significant milestone in President Bola Ahmed Tinubu’s (GCFR) commitment to fostering accessible and inclusive education for all Nigerian students. Through the portal, students can now access loans to pursue their academic aspirations without financial constraints. The portal provides a user-friendly interface for students to submit their loan applications conveniently.”

The development comes eight months after President Tinubu announced that the programme would not kick off in September 2023.