Tinubu signs amended student loan bill — Nigeria — Headline News – Nigeria and World News

President Bola Ahmed Tinubu on Wednesday signed into law the Revised Student Loans (Access to Higher Education) (Repeal and Re-enactment) Bill, 2024 at the State House of Assembly, Abuja.

The Presidential Bill entitled “An Act to repeal the Student Loans (Access to Higher Education) Act 2023 and to enact the Student Loans (Access to Higher Education) Bill 2004” aims to establish the Nigeria Education Loans Fund. It is said that

The Fund will serve as an institution to receive, manage and invest funds to provide loans for higher education, vocational training, skill acquisition and related matters to Nigerians.

Mr Tinubu signed the bill in the presence of the National Assembly leadership, ministers and key stakeholders in the education sector.

“I have just signed a bill that declares student loans valid. First of all, I need this bill to be expedited in the interests of Nigerian children, who believe that education is an effective means of fighting poverty.” I must thank the members of Parliament for handling the matter,” Tinubu said.

“We are determined to ensure that education receives the proper attention this country needs, including skills development programmes.

“This is to ensure that no one, no matter how poor their background, is excluded from a quality education and the opportunity to build a future.

“We are here because we were all educated and helped. In the past, we have seen many children drop out of college and give up their opportunities. .

“That is no longer the case. There are standards and regulations that apply no matter who you are as long as you are a Nigerian citizen.”

The project was scheduled to begin between September and October 2023, but the schedule was later revised to January 2024, now in March.

Source: guardian.ng