Student Bill Signed Into Law By President Tinubu

Post created on 10:10 am

President Bola Ahmed Tinubu signed into law the Student Loan Bill which was sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila two weeks ago.

A spokesperson to the Federal Government, Dele Alake made this known on Monday evening and emphasized that the funds will be domiciled at the Ministry of Education and can only be accessed by students in tertiary institutions.

The Students Loan Bill provides interest-free rate loans to Nigerian students and also higher access to educational opportunities.

Alake also added that the disbursement of the loan would be based on the student’s number of years of study and ability to pay back.