The Federal Government has announced that the repayment process for the Nigeria Education Loan Scheme (NELFund) will begin two years following the completion of the National Youth Service Scheme (NYSC) by beneficiaries.
Dr. Akintunde Sawyer, the Executive Secretary of NELFund, disclosed this information in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja.
Sawyer mentioned that the two-year grace period following the NYSC is designed to give participants sufficient time to find employment and achieve financial stability before starting their repayments.
Sawyer said that the modalities of how the money would be rooted were still being worked out, but the employer would be obliged to make those deductions for as long as that person is at work.
