Succour may have come the way of indigent students as President Bola Tinubu has fulfilled his election campaign by signing the Student Loan Bill into law.
The Federal Government’s spokesperson, Dele Alake, made this announcement on Monday. He said that only needy students enrolled in tertiary schools will have access to the monies, which will be domiciled at the Ministry of Education.
The House passed the student loan bill, sponsored by Femi Gbajabiamila, Speaker of the 9th House of Representatives, on the third reading two weeks ago. The bill will grant needy Nigerian students interest-free loans.
According to the bill, poor Nigerians would have easy access to higher education thanks to loans from the Nigerian Education Loan Fund that are interest-free.