President Bola Ahmed Tinubu has assured Nigerians that the era of industrial actions in the nation’s academia environment has come to an end as the administration’s Students Loans Scheme commences January next year. President Tinubu gave the assurance on Monday during the 29th edition of the annual Nigerian Economic Summit, anchored by the Nigerian Economic Summit Group (NESG), at the Transcorp Hilton, Abuja. President Tinubu had on June 12 signed the Students Loan (Access to Higher Education) Bill into law.
The legislation gives Nigerian students the opportunity to have access to loans at interest-free rates.
“By January 2024, the new student loan programme must commence. To the future of our children and students we’re saying no more strikes,” the president said on Monday.
“I thank my team and my colleagues for building this programmed.”
The bill, sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila, now Chief of Staff to the President, provides easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund.
The funds for the programme will be domiciled in the Ministry of Education and will only be accessed by indigent students of tertiary institutions.
