Lagos APC Welcomes NELFUND’s Extension of Loan Scheme to Vocational Institutions

 

The Lagos State chapter of the All Progressives Congress (APC) has commended the Nigerian Education Loan Fund (NELFUND) for expanding its student loan programme to cover vocational and technical training institutions, describing the move as a major boost to youth development and skills acquisition in the country.

In a statement on Monday, the party’s spokesman, Mogaji (Hon.) Oluseye Olaniran Oladejo, said the initiative reflects President Bola Tinubu’s commitment to broadening access to productive opportunities for young Nigerians under the Renewed Hope Agenda.

According to the APC, the expansion addresses a long-standing gap in the education and skills development framework, especially for youths pursuing careers in engineering trades, digital technology, construction, the creative sector, agriculture and manufacturing.

Oladejo said the inclusion of vocational learners in the loan scheme would remove financial barriers that had prevented many young people from acquiring market-relevant skills. 

He added that the initiative would also boost job creation, innovation and the capacity of the country’s skilled workforce.

The party praised NELFUND’s management for what it called a forward-looking intervention that prioritises national development and youth empowerment.

The Lagos APC also urged young people in the state to take advantage of the scheme, noting that Lagos’ technology hubs, creative clusters and industrial corridors stand to benefit from a more skilled and well-trained workforce.

The statement reiterated the party’s support for President Tinubu’s policies, describing the loan expansion as another step toward building a more inclusive and opportunity-driven economy.