The Tinubu-led Nigerian government had on Tuesday postponed the launch of the Nigerian Students Loan Scheme indefinitely.
Nigerian President, Bola Tinubu, on Thursday transmitted the Students Loans Bill to the House of Representatives for consideration.
The Tinubu-led Nigerian government had on Tuesday postponed the launch of the Nigerian Students Loan Scheme indefinitely.
The Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, had made this known during an interview with Arise News on Tuesday.
However, the President transmitted the Bill through a letter addressed to the Speaker, Abbas Tajuddeen, on Thursday at the plenary,
Abbas said, “Pursuant to Section 58(2) of the Constitution of The Federal Republic of Nigeria, 1999 (as amended). I forward, herewith, The Student Loan (Access to Higher Education) (Repeal and Re-Enactment) Bill, 2024 for the kind consideration of the House of Representatives.
“The Student Loan (Access to Higher Education) (Repeal and Re- Enactment) Bill, 2024 seeks to enhance the implementation of the Higher Education Student Loan Scheme by addressing challenges related to the management structure of the Nigerian Education Loan Fund (NELF), applicant eligibility requirements, loan purpose, funding sources and disbursement and repayment procedures.
“Whilst hoping that this submission will receive the usual expeditious consideration of the House of Representatives, please accept, Rt. Honourable Speaker, the assurances of my highest consideration.”
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