Connect with us

President Tinubu Signs Students’ Loan Bill Into Law

Victorious

Published

on

Follow
EDUCATION NEWS: President Tinubu Signs Students’ Loan Bill Into Law [New Education News] » Naijacrawl
Photo: Naijacrawl

In fulfilment of a promise he made during his campaign, President Bola Tinubu has signed into law the Student Loan Bill.



During his campaign, Tinubu had promised to give student loans as part of efforts to develop the education sector and also build the youth capacity.

He made the promise at a campaign outing in London, United Kingdom.

Femi Gbajabiamila, Chief of Staff to the president; Dele Alake, a member of the President’s Strategic team; Tunde Rahman, spokesman of the president; Abdulaziz Abdulaziz, a presidential spokesman; and the Permanent Secretary, Ministry of Education, David Adejoh, witnessed the signing.

Commenting on the bill, Alake told journalists that the new law is a fulfilment of one of the electoral promises of President Tinubu to liberalise funding of education in the country.

Asked if the new law will not encourage inflation of school fees, Alake said both situations are unrelated, adding that the idea behind the law is to help indigent students to be able to obtain education in the country.

“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.

“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 said.

The bill, which passed second reading at the House of Representatives on May 25, 2023, was sponsored by Gbajabiamila, Speaker of the 9th House of Representatives.

The law makes provision for funds to be domiciled in the Ministry of Education and will only be accessed by indigent students of tertiary institutions.

The law is to provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund.

Last week, the president signed the Electricity Act to solidify all legislations that handle the electricity supply industry to provide an inclusive and ideal institutional framework to control the post-privatisation phase of the Nigerian Electricity Supply Industry and encourage private sector investments in the sector.

Click Here To Comment




Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Education News

Over 4500 People Graduate From Nigeria Law School

Piroll

Published

on

NEWS: Over 4500 People Graduate From Nigeria Law School [New Education News] » Naijacrawl
Photo: Naijacrawl
It has been a fantastic period this time around at the Nigeria Law School has the school records the highest number of first class graduates from the school.Report  gathered from the Result Sheet dated the 17th day of October 2018, and signed by the Director General of the Nigerian Law School, Prof. Isa Hayatu Chiroma, SAN, that a total number of 161 candidates bagged the first class honour. In an exam participated by 5,846 candidates, 4,633 emerged victorious a...
Continue Reading

Education News

ASUU-LASU Shuts Down Campus Indefinitely: Students' Futures Hang in the Balance

Victorious

Published

on

EDUCATION NEWS: ASUU-LASU Shuts Down Campus Indefinitely: Students' Futures Hang in the Balance [New Education News] » Naijacrawl
Photo: Naijacrawl
The Lagos State University (LASU) chapter of the Academic Staff Union of Universities (ASUU) has announced an indefinite strike. The action stems from the Lagos State Government's alleged failure to implement the federal government-approved salary increment of 25% and 35% for academic staff, effective since January 2023.In a joint statement signed by ASUU-LASU Chairperson, Prof. Ibrahim Bakare, and Secretary, Sylvester Idowu, the union expressed frustration with Gov...
Continue Reading

Education News

Government Suspends 13 FGC Students for Bullying

Piroll

Published

on

EDUCATION NEWS: Government Suspends 13 FGC Students for Bullying [New Education News] » Naijacrawl
Photo: Naijacrawl
The Federal Ministry of Education has announced a six-month suspension for 13 students of Federal Government College (FGC), Enugu, over their involvement in the bullying and assault of an SS1 day student. This decision comes as part of efforts to ensure the safety of all students and uphold the trust and confidence of parents and stakeholders in the institution's commitment to a secure learning environment.The Ministry's investigation revealed that the incident, whi...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.