President Bola Ahmed Tinubu has signed the Student Loan Bill into law. Disclosing this, Dele Alake an aide to Tinubu revealed that the bill wil
President Bola Ahmed Tinubu has signed the Student Loan Bill into law.
Disclosing this, Dele Alake an aide to Tinubu revealed that the bill will enable Nigerian students to access loans at interest-free rates.
“We are very happy to announce to you that today, just a few minutes ago, the President His Excellency, Bola Ahmed Tinubu, signed into law, the Student Loans Bill and that Student Loans Bill, you all know what it entails, what it connotes the meaning,” Alake said.
“This is the promise made during the presidential campaign by the then candidate, His Excellency, Bola Ahmed Tinubu, that he will bring back the student loans issue to the front burner and today, that promise he made has been kept, he has just signed that bill into law, which henceforth, will allow or enable our indigent students to access federal government loans to fund their educational pursuit or career and this is how it’s done in other developed climes all over the world,” he added.
Asked if the new law will not encourage inflation of school fees, Alake said the two situations are unrelated, adding that the idea behind the law is to help indigent students obtain education in the country.
Recall that the piece of legislation passed second reading at the House of Representatives on May 25, 2023.
