NELFUND may collapse without state, corporate funding, Izunaso warns

From Adesuwa Tsan, Abuja
The sustainability of the Nigerian Education Loan Fund (NELFUND) may be threatened beyond the life of the current administration unless state governments and corporate organisations are compelled to contribute to its funding, Chairman of Senate Committee on Capital Market, Osita Izunaso, has warned.
A statement issued by his media office on Thursday said Izunaso, who represents Imo West Senatorial District, raised the alarm at a stakeholders’ forum on NELFUND in Abuja, where he called for far-reaching reforms to strengthen the student loan scheme and ensure its long-term survival.
The lawmaker also advocated extending the loan repayment period from the curr...