Section 23: Eligibility of applicants.

(1) An applicant for a loan under this Act shall-
(a) be a citizen of Nigeria;
(b) have secured admission into any university, polytechnic, college of education, institution established by the Federal Government or State Government, or a vocational or skills acquisition institution licensed by the Federal Government; and
(c) apply in the form and manner as prescribed by guidelines issued by the Board.
(2) Notwithstanding the Data Protection Act 2023 or any other law, an applicant for a loan shall provide such personal details, including biometrics and any other private data, which shall ensure his unique identification for the purpose of the disbursement and recovery of the loan.
[Act No. 37, 2023]
(3) Notwithstanding subsection (1), the Board shall have the power to make specific regulations regarding the method and process of loan applications and the criteria for granting loans in each financial year.