The Punch
Experts warn of potential collapse of NELFUND without loan recovery reforms
Experts warn that the Nigerian Education Loan Fund faces potential collapse if the government does not establish a functional system to recover loans from students.
The Nigerian Education Loan Fund may struggle to maintain its student loan program without urgent government intervention. Experts state that a robust recovery mechanism is necessary before the initial group of repayments begins to ensure the scheme's sustainability.
Brief written with AI from reporting by The Punch. All rights to the original story belong to the publisher.