Tinubu signs Students’ Loan Bill into law to enable indigent students obtain education
President Bola Tinubu, Monday, signed into law a students’ loan bill which would enable indigent students in the country to obtain a quality education.
The Permanent Secretary, Ministry of Education, Mr. David Adejo Andrew, flanked by the President’s media team, led by Mr Dele Alake, member of the Presidential Strategic Team, disclosed this to State House correspondents, at the Presidential Villa, Abuja.
The President’s assent to the bill which is interest-free is in fulfilment of one of his promises to liberalise funding of education in the country.
The Permanent Secretary while addressing newsmen in Abuja said, “We are very happy to announce to you that today (Monday), 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.
“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”.
The student loan bill was sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila, and provides interest-free loans to indigent Nigerian students.
