NELFUND’s N355 billion loans at risk as recovery system remains untested – Report

A report by the iRead To Live Initiative warns that NELFUND's N355 billion student loan scheme risks repeating past failures unless its loan recovery system is strengthened before repayments begin. The think tank notes that Nigeria's three previous student loan schemes failed due to weak recovery mechanisms. The report urges NELFUND to implement robust systems to ensure sustainability.

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