By Marcus Ikechukwu
President Bola Tinubu has signed the 2023 student loan Act into law.
The bill was passed by the 9th National Assembly but assented to by Tinubu on Monday, at the Presidential Villa, Abuja as part of measures to boost educational access and delivery, especially at the tertiary level.
Permanent Secretary, federal ministry of education, Andrew Adejo and a senior aide to the President, Dele Alake explained that the act will ensure indigent students access the loans to further their education.
According to Alake, the loan initiative was part of what Tinubu promised during his electioneering campaigns.
He said that issue was brought to the front burner during the campaigns and today the President was only fulfilling the promise, which will ensure that indigent students have access to federal loans to pursue their educational endeavours or career.
” Today President Bola Ahmed Tinubu has just signed the students’ loan act. This is just in fulfilment of his promise during the electioneering campaigns where he promised that students will access loans to go to school.
On his part, Permanent Secretary Ministry of Education noted that the Federal Scholarship Board which already exists was starved of funds and an enabling Act to work properly but now that an Act is in place, the processes for hitch-free access to education loans will be much easier.
