The Federal Government has revealed that it will launch the Student Loan Scheme on Thursday, March 14, 2024, News About Nigeria reports.
The Special Adviser to the President on Media and Publicity, Mr. Ajuri Ngelale, said this on Sunday during TVC’s Politics.
He noted that the student loan is a major form of obligation reduction for Nigerian families and young people, especially at this time when Nigerians are feeling the pinch of economic hardship.
“Later this week, on Thursday, the President will launch the historic National Student Loan Programme.
“This is a major form of obligation reduction for Nigerians, families, and young people at a time when Nigerians are feeling the pinch. We believe this is the way to go,” he stated.
Recall that Tinubu signed the Access to Higher Education Act, 2023, into law on June 12, 2023, to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.
He noted that the move was in fulfilment of one of his campaign promises to liberalise funding of education.
The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund, which is expected to handle all loan requests, grants, disbursement, and recovery.
Meanwhile, members of the Nigerian community in West Yorkshire, United Kingdom, have called for the inclusion of students studying abroad in the student loan scheme.
Representing the community members in a meeting with the acting Nigerian High Commissioner to the United Kingdom, Cyprian Heen, on Saturday, Tunmise Ajiboye urged him to advocate the inclusion of students from foreign countries in the government’s loan scheme.
