Breaking News: The Nigerian Federal Government has announced an indefinite postponement of the much-anticipated Nigerian Students Loan Scheme. Initially set to commence on March 14, 2024, the launch has been stalled to allow for comprehensive corrections. Despite previous assurances, no specific date has been provided, signaling a significant shift as the government seeks to ensure a fully aligned stakeholder base and a sustainable implementation strategy. The scheme, aimed at providing interest-free loans for higher education, was enacted into law in June 2023 but has faced multiple setbacks, with the government emphasizing the need for meticulous finalization, including additional features for vocational studies.
