The Federal Government has postponed the launch of the Nigerian Students Loan Scheme indefinitely.

The Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, made this known during a monitored interview .

In June 2023, President Bola Tinubu signed a bill to start a Students Loan Fund that would give interest-free loans to Nigerians for higher education.

A former Speaker of the House of Representatives, Femi Gbajabiamila, proposed the bill and it was supposed to start between September and October 2023.

Meanwhile, Tinubu said the programme would begin in January 2024, after missing the October deadline

Also, Tinubu told leaders of the National Association of Nigerian Students that the programme  would start once they added more features, like vocational studies.

However, barely 48 hours before the launch Sawyer said the loan scheme was postponed due to some corrections that were being made around the launch.