“We have two major problems in our educational system: the mismatch between educational institutions and industries, as they do not commnicate effectively, and the mismatch between the labor market and graduates, many of whom are unprepared to work in the industries,” Zulum stated.
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Zulum further encouraged NELFUND to support entrepreneurship, technical education, and vocational training programs.
“Beyond offering loans, I urge you to explore ways to support entrepreneurship education and promote technical and vocational training to reduce the reluctance toward these critical areas of study,” he added.
The Governor commended President Bola Tinubu for establishing NELFUND, emphasizing its potential to significantly reduce illiteracy, particularly in the North East region.
He pledged to mobiliSe local government chairmen and traditional rulers to raise awareness about the program, noting its importance for underprivileged students who wish to pursue higher education.
“I have held discussions with heads of tertiary institutions since you assumed office, and reports indicate that a significant number of students who applied for NELFUND loans received them with ease,” Zulum remarked.
During the visit, Managing Director and Chief Executive Officer of Nigerian Education Loan Fund (Nelfund), Mr. Akintunde Sawyerr, highlighted the fund’s mission to tackle the growing issue of students dropping out due to financial constraints.
He noted that the loan is interest-free, with repayment set at 10% of the recipient’s income upon securing employment.
Sawyerr was accompanied by the Vice Chancellor of Borno State University, Professor Babagana Gutti, and representatives of the National Association of Nigerian Students (NANS).
