Tinubu signs Students Loan Bill into law

ABUJA- President Bola Tinubu has signed the Students Loan Bill into law on Wednesday in Abuja. The News Agency of Nigeria (NAN) reports that the students loan is part of the implementation of the Access to Higher Education Act, 2023. The acry,  popularly known as the Students Loan Bill seeks to provide loans for indigent Nigerian students to pay fees in Nigerian tertiary institutions. At the signing, Tinubu commended the efforts of the members of the National Assembly for the expeditious handling of the bill. He said that this action showed the administration’s priority towards encouraging education among Nigerian youths as a tool to fighting poverty. “We are determined to ensure that education is given the proper attention necessary for the country including skills development programmes. “This is to ensure that no one, no matter how poor their background, is excluded from quality education and opportunity to build their future. “We are here because we are all educated and we are helped. In the past, we have seen a lot of our children dropped out of colleges and given up …

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Student loan not suspended indefinitely- FG

ABUJA- The Nigerian Education Loan Fund (NELFUND) has clarified that the federal government student loan has not been suspended indefinitely. Akintunde Sawyer, the executive secretary of the Nigerian Education Loan Fund (NELFUND), had stated that the programme was suspended indefinitely during a media interview.  However, NELFUND spokesperson Nasir Ayitogo, on Wednesday, said, “While there has been a postponement, we wish to state that it is not indefinite, as alluded to in the reports.” Mr Ayitogo further stated that NELFUND is 100 per cent set for the launch and declared that the “loan application portal is ready, and President Bola Ahmed Tinubu has since approved the funds for the smooth take-off.” In June 2023, President Bola Tinubu approved legislation to establish a Student Loan Fund, which would provide interest-free loans to Nigerians for higher education. The bill was sponsored by Femi Gbajabiamila, a former Speaker of the House of Representatives and current chief of staff to President Tinubu. The scheme was initially scheduled to begin in September or October of 2023.

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