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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Under my government, no student will drop out over school fees Tinubu

ABUJA- President Bola Tinubu has assured that under his administration, no student would drop out of tertiary institutions due to inability to pay tuition. Mr Tinubu also assured that his government would provide the necessary resources to educational institutions to enable them to carry out their responsibilities. “Under my leadership, and as I have outlined in my manifesto, no student will be forced to drop out of school due to an inability to pay tuition,” the president assured The president, represented by Terna Yawe from the National Universities Commission (NUC), disclosed this on Saturday at the 33rd convocation ceremony of the Federal University of Technology, Akure (FUTA) in Ondo State. Acknowledging the education sector’s challenges, Mr Tinubu highlighted the Student Loan Bill he recently enacted as evidence that his government is committed to supporting students. He said, “My government will not shirk its responsibilities in this area. We will guarantee that educational institutions receive the necessary resources to effectively carry out their statutory responsibilities. “One of my first actions as president of Nigeria was to sign the Student Loan Bill …

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See Why ASUU Urged Tinubu To Convert Student Loan To Grant

By Chris Udochukwu The National President of Academic Staff Union of Universities (ASUU), Prof Emmanuel Osodeke has given reasons why President Bola Tinubu should change the newly assented Students Loans Act to grant for indigent students. “This he said, would have been better if we are giving it to those set of students who are very poor, it should be called a grant, not a loan.” Prof Osodeke said on Channels Television’s Sunday Politics programme. According to him, “It should be called a grant since it is coming from the Federation Account and not that (after) these people have access it and when they are graduating, they have heavy loads behind them and within two years, if they don’t pay, they go to jail. That’s why we’re talking about collective bargaining, you have views from all the sides.” Recall that last Monday, Tinubu signed into law the Students Loans Bill in fulfilment of a promise he made during his campaign. The bill was sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila, who is now the President’s Chief of …

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