FG to Commence Student Loan Implementation January 2024

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By Bliss Okperan

The federal government has announced January 2024 as the commencement date for the student loan initiative.

Speaking at the 29th National Economic Summit on Monday, President Bola Tinubu said the loan programme “must commence” in January 2024.

Recall that the Permanent Secretary at the Ministry of Education, Mr Andrew Adejoh, had earlier said the implementation of the scheme would be in September 2023, but this date was missed by the government, which was yet to get all things in place.

Business Post reports that President Tinubu signed the Student Loan Bill into law a few months ago.

On June 12, 2023, the current Minister of Solid Minerals, Mr Dele Alake, who was then the Special Adviser to Mr Tinubu on Media and Publicity, informed State House Correspondents that the programme was now backed by law.

The Student Loan (Access to Higher Education) Act provides for easy access to higher education for Nigerians through interest-free loans from the Nigerian Education Fund established in this Act was sponsored in 2019 by the Chief of Staff to the President, Mr Femi Gbajabiamila, who was then a lawmaker in the National Assembly.

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