Student Loan Was Only Suspended For Weeks, Not Indefinitely – Sonny Echono

The Executive Secretary of the Tertiary Education Trust Fund, Sonny Echono has come out to say that the launch of the student loan scheme has only been postponed for a couple of weeks, and not indefinitely.

He recently had his say at the TETFUND headquarters in Abuja when the governor of Kwara state paid him a courtesy visit, and Nigerians have been reacting.

According to him, the delay in the launch is only to make sure that there are no complications in the proper implementation of the scheme, and to also ensure that the scheme is up to standard.

Sonny added that in the next couple of weeks, the scheme should take off as originally planned.

His words, “Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can actually roll this out in a meaningful, comprehensive, wholesome and sustainable way.

The loan has not been postponed indefinitely, there’s just a little housekeeping that needs to be done, the president has arrangements in place for the launch.

We are discussing a matter of days, maximum weeks for it to take off. The president is very committed to this, and I can assure you that this is going to be done in the best way.

We don’t want to hurriedly launch the programme, and there are objections, and it isn’t sustained.

We’re making sure that the loan can accommodate as many that need it. Even for people with skills, it’s going to be a game changer. We’re working hand in hand with JAMB, we know when admissions will commence, so we are not far behind.

In the next couple of weeks, the scheme will take off, and it will accommodate everyone, even students of vocational studies.”