‘N355.9bn NELFUND loans at risk as repayment nears’
The iRead To Live Initiative, in a policy brief released on Monday, urged the government to integrate NELFUND with income data from the Nigeria Revenue Service to track beneficiaries and recover loans, particularly from self-employed graduates and other borrowers outside the formal payroll system.
The organisation said integrating NELFUND with Nigeria Revenue Service income data would enable the government to track self-employed graduates, extending recovery beyond formal employer-based deductions.87 billion disbursed by the Nigeria Education Loan Fund, NELFUND, could face recovery challenges when repayments begin unless the Federal Government urgently strengthens the scheme’s repayment architecture, a higher education policy think tank has warned.
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