BREAKING NEWS: President Tinubu has officially signed the student loan bill into law.
President Bola Tinubu has officially signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law. This action follows the separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.
Tinubu emphasized that the primary aim of the new law is to ensure that Nigerian children are not deprived of their right to education, which he described as a crucial tool in effectively combating poverty.
In his statement, Tinubu said, “I have just signed a bill proclaiming the student loan effectively. First of all, I must thank members of the National Assembly for their expeditious handling of this bill considering the children of Nigeria, that education is the tool to fight against poverty effectively.”
He continued, “We are determined to ensure that education is given the proper attention necessary for the country, including skills development programs. This is to ensure that no one, no matter how poor their background is, is excluded from quality education and the opportunity to build their future.”
Tinubu also highlighted the importance of accessible education, stating, “We are here because we are all educated and were helped. In the past, we have seen a lot of our children drop out of colleges and given up the opportunity. That is no more, the standard and the control is there for you to apply no matter who you are as long as you are a Nigerian citizen.”
