NELFUND Debunks Student Loan Jail Rumor | Nigeria News

A viral image falsely claims President Tinubu ordered life in prison for student loan defaulters — but NELFUND has slapped a giant “FAKE” stamp on it. The real Student Loans Act, re-enacted in 2024, offers interest-free loans for Nigerian students, with repayment starting only after two years of NYSC or employment, capped at 10% of salary. Self-employed borrowers pay similarly, and unemployed grads can extend repayment with a sworn statement. No jail time — just smart, flexible terms designed to support graduates, not punish them. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a580dbe2a9df2d1e