Adeleke warns FG against using loans as debt trap for students

Adeleke warns FG against using loans as debt trap for students

Osun State Governor, Ademola Adeleke, has urged the Federal Government to ensure that beneficiaries of the student loan funds are not plunged into huge debts.

The governor gave the charge on Tuesday while hosting a delegation from the leadership and management of the Nigeria Education Loans Fund (NELFUND) at his office in Osogbo.

According to Adeleke, he is aware of the challenges that the student loan scheme caused citizens of the United States of America and warned that “debt trap must never be experienced in Nigeria’s students’ loan operations.”

READ ALSO: EFCC to parley education loan managers to avert misappropriation

This came as the scheme has been officially launched in the state.

The Managing Director of NELFUND, Akintunde Sawyer, said the loan scheme is for government-owned…
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