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

NELFUND risks repeating the failures of Nigeria’s three previous student loan schemes unless it strengthens its loan recovery system before repayments begin, according to a higher education policy…

  • NELFUND manages N355 billion loans, at risk due to untested recovery system.
  • Student loan scheme launched in 1972, failed due to rapid disbursement.
  • First enforcement window expected 2028, with unresolved issues looming.

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