The President of Nigeria, Asiwaju Bola Tinubu has signed the Students Loan Bill into law, All Nigeria Latest News reports.
Dele Alake, a member of the Presidential Strategic Team, announced this to reporters in Abuja.
According to Alake, accompanied by other members of the media team such as Tunde Rahman and Abdulaziz Abdulaziz, along with the Permanent Secretary of the Ministry of Education, David Adejoh, the new law fulfills one of the electoral promises made by President Tinubu.
When asked about the potential for the new law to encourage inflation of school fees, Alake clarified that the two situations are unrelated. He emphasized that the primary intention behind the law is to assist indigent students in accessing education within 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.