Tinubu Signs National Student Loans Amendment Bill into Law
The signing ceremony took place at the Aso Rock Presidential Villa on Wednesday, April 3, 2024, marking a milestone in the government's efforts to facilitate educational advancement and empower the youth.
AKACHI NOEL 
President Bola Tinubu has taken a significant step forward in enhancing access to higher education for Nigerian students by signing the National Student Loans Amendment Bill into law.
The bill, which recently passed through both the Senate and the House of Representatives, aims to overhaul the implementation of the Higher Education Student Loan Scheme. It addresses various critical aspects such as the management structure of the Nigerian Education Loan Fund (NELF), applicant eligibility criteria, funding sources, disbursement, and repayment procedures.
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Tinubu's decisive action follows a temporary suspension of the student loan scheme. The law seeks to enable Nigerian tertiary students to access low-interest loans tailored to their tuition and other academic needs, thereby alleviating financial barriers to education.
The signing ceremony took place at the Aso Rock Presidential Villa on Wednesday, April 3, 2024, marking a milestone in the government's efforts to facilitate educational advancement and empower the youth.
This development highlights Tinubu's commitment to education reform and his recognition of the pivotal role that affordable financing plays in expanding access to quality higher education across Nigeria.
