The National Assembly on Wednesday took needed the step to strengthen President Bola Tinubu administration’s Student Loan Scheme by passing the re-enacted student loan bill into law.
The National Assemble comprises the Senate and the House of Representatives.
Team@orientactualmags.com learned that the bill was passed into law by the National Assembly on Wednesday following the consideration of the report of the Committee on Tertiary Institutions and TETFUND.
The chairman of the committee, Muntari Dandutse, presented the report during the plenary session held on Wednesday.
Recall that the Student Loan Scheme was signed into law by the president on June 12, 2023, and he had later promised in October last year that this would be activated in January 2024.
A former Speaker of the House of Representatives, who is currently the Chief of Staff, State House, Abuja, Femi Gbajabiamila, proposed the bill, which was supposed to be kick started between September and October 2023.
President Bola Tinubu had however on March 14 sent a letter to the National Assembly seeking to repeal and reenact the student loan bill.
‘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.
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; President Tinubu had submitted in the said letter -Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
