Tinubu signs Amended Student Loan 2024 Bill into law

Following some amendments to the Student Loans Access to Higher Education Bill, President Bola Tinubu has signed it into law.

The Presidential assent is sequel to separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.

It would be recalled that the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, generated some controversies regarding its implementation, a development that prompted its review by the National Assembly recently.

The new Act represents one of Tinubu’s flagship policies to boost the prospects of youths acquiring tertiary education in the country.

Appending his signature as President, Tinubu said, “I have just signed a bill proclaiming the student loan effectively. First of all, I must thank members of the National Assembly for their expeditious handling of this bill considering the children of Nigeria, that education is the tool to fight against poverty effectively.

“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, is excluded from quality education and opportunity to build their future.

“We are here because we are all educated and were helped. In the past, we have seen a lot of our children drop out of colleges and given up the opportunity. That is no more, the standard and the control is there for you to apply no matter who you are as long as you are a Nigerian citizen”.