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The Nigerian Education Loan Fund (NELFUND) is a pivotal financial institution established under the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024. [1] It was signed into law by President Bola Tinubu on 3 April 2024, marking a historic step towards ensuring sustainable higher education and functional skill ...
The House Committee on Aids, Loans, and Debt Management was established as part of the legislative framework for managing Nigeria's external financial obligations. The committee was formed to ensure transparency and accountability in the handling of loans, foreign aids, and debt management within the federal government.
The Office of the Secretary to the Government of the Federation (SGF), which is domiciled in the presidency, also has some agencies under it. They are: Nigerian Christian Pilgrim Commission [6] National Lottery Trust Fund [7] Nigeria National Merit Award
Who qualifies for $20,000 in student loan debt forgiveness? Borrowers who received Pell Grants and make less than $125,000 as individuals or less than $250,000 as married couples are eligible to ...
[citation needed] Federal student loan interest rates are established by Congress and listed in § 20 U.S.C. § 1087E(b). Because the interest rates are established by Congress, interest rates are a political decision. In 2010, the federal student loan program ran a multibillion-dollar "negative subsidy", or profit, for the federal government.
The Nigerian Government provided an additional $1.3 billion from its budget to create the social safety net programs which came to be known as the National Social Investment Program. Since then, over 4 million Nigerians have directly benefited from job training, financial assistance, and social development through these programs.
The National Universities Commission (NUC) is a Nigerian government agency set up to regulate higher education in Nigeria. NUC, as it is popularly called, was established in 1962 as an advisory agency in the cabinet office. [1] In 1974, it became a statutory body and its first executive secretary was professor Jibril Aminu.
National Library of Nigeria , Abuja. Teachers' Registration Council of Nigeria , Abuja. Computer Professionals Registration Council of Nigeria , Lagos. Federal Scholarship Board, Abuja. Librarians' Registration Council of Nigeria (LRCN Archived 2022-06-20 at the Wayback Machine), Abuja