House Committee Chairman Ensures Sustainable Funding for Nigerian Student Loans
The National Education Trust Fund, overseen by the Ministry of Education, is tasked with ensuring the disbursement of funds to support Nigerian students pursuing education in public-owned tertiary institutions.
AKACHI NOEL 
In Abuja, the Chairman of the House Committee on Student Loans, Hon. Gboyega Isiaka, has affirmed the commitment of the current administration to guaranteeing sufficient funding for student loans, specifically aimed at benefiting Nigerian students enrolled in public-owned tertiary institutions nationwide.
Isiaka, during a press briefing, revealed that the necessary funds for the successful execution of these loans would be sourced from one percent of all revenues generated into the Federation Account. He clarified that the repeal of the initial Student Loan Act was prompted by the intention to eliminate obstacles hindering many Nigerian students from accessing the loans.
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"The amendments made by the Executive, particularly those championed by President Bola Ahmed Tinubu, address various shortcomings in the 2023 law, particularly regarding funding. With the establishment of the Nigerian Education Trust Fund, we now have a robust, sustainable institution comparable to global standards," Isiaka stated.
Acknowledging the administration's efforts in bolstering the educational sector, Isiaka expressed satisfaction with the progress made. He urged swift action in constituting the management team of the National Education Trust Fund to promptly address the needs of millions of Nigerian students.
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The National Education Trust Fund, overseen by the Ministry of Education, is tasked with ensuring the disbursement of funds to support Nigerian students pursuing education in public-owned tertiary institutions.
The commitment demonstrated by lawmakers highlights the government's dedication to facilitating access to education for Nigerian students and fostering national development through human capital investment.
