BREAKING: Tinubu Signs Amended Student Loan Bill Into Law

• President Bola Tinubu finally signed the amended student loan bill into law at the presidential villa on Wednesday
• The signing of the bill came after the consideration from the Senate and House of Representatives committee on tertiary education
• Tinubu had in March forwarded the presidential amended bill to the House of Representatives for consideration

Aso-Rock, Abuja - President Bola Tinubu signed the amended student loan bill into law after it was passed by the House of Representatives and the Senate, respectively.

The bill titled Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill 2024 was finally signed into law by President Tinubu on Wednesday, April 3.

This development came after separate considerations from the two chambers of the National Assembly committees on tertiary institutions and TETFund.

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Tinubu forwarded amended student loan bill to reps

Tinubu forwarded a new student loan bill to the House of Representatives for new consideration on Thursday, March 14.

During the plenary, the speaker of the House of Representatives, Tajudeen Abbas, read the president's letter on the house floor.

The letter reads in part:

“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.

Controversies on student loan bill

There has been controversy about the alleged suspension of the student loan scheme indefinitely by the presidency, a report that has been debunked.

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In its explanation, the presidency said the scheme was postponed to facilitate its expansion to accommodate persons with disabilities.

But on Wednesday, the bill was finally signed into law by President Tinubu at the presidential villa.

Kaduna: Tinubu says no ransom for kidnappers

Legit.ng earlier reported that Tinubu stated that his administration would not pay any ransom for the rescue of the students kidnapped at Kuriga in Kaduna state.

The president made his position known during the FEC meeting with the service chiefs on Wednesday in Abuja.

Tinubu stressed that his administration would not tolerate kidnapping activities, particularly mass abductions.

Source: Legit.ng