Lanre Laoshe, a former member of the house of reps, has repaid his student loan debt incurred between 1976 and 1979 to NELFund.
August 27, 2024 4:41 pmLanre Laoshe, a former house of representatives member, has repaid his student loan debt incurred between 1976 and 1979 to the Nigerian Education Loan Fund .
Nigeria’s first attempt at a student loan scheme came in 1972 with Decree No. 25 creating the Nigerian Students Loans Board .By 1991, the NSLB had awarded loans amounting to about N46 million, of which only N6 million was recovered. However, the administrative changes yielded little results as no evidence showed the loan scheme functioned any better in recovery.
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