President Bola Tinubu has signed the Students Loan Bill into law.
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 bill seeks to provide loans for indigent Nigerian students to pay fees in Nigerian tertiary institutions.
During the signing, Tinubu commended the efforts of the members of the National Assembly for the expeditious handling of the bill.
“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 the opportunity,” he said.
According to the Act, the Loan will also be funded through donations, gifts, grants, endowment and revenue accruing to the fund from any other source.
Chinedum Anayo