Nigeria, April 18 -- The management of the Nigerian Education Loan Fund (NELFUND) has given reasons why students from private institutions and convicted inmates in the nation's correctional service centres are exempted from applying for the soon to be launched student loan fund.

Speaking Wednesday at the University of Lagos (UNILAG) during an interactive session with journalists under the umbrella of the Education Writers' Association (EWAN), the Managing Director of NELFUND, Akintunde Sawyerr, said the scheme is strictly for "indigent" students.

Mr Sawyerr, who hinted of President's Bola Tinubu's desire to have beneficiaries both from private and public institutions, said since the fund is truly for the indigent students, he insisted t...