President Bola Tinubu will launch the Student Loan Scheme on Thursday, March 14, 2024.
The Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, said this as he highlighted some of the President’s welfare initiatives being implemented at the moment.
He said the loan scheme will be inaugurated later this week, on Thursday. “”The President will launch the historic National Student Loan Programme,”” he said.
“This is a major form of obligation reduction for Nigerians and families and young people at a time when Nigerians are feeling the pinch. We believe this is the way to go,” he added.
Tinubu had on June 12, 2023, signed the Access to Higher Education Act, 2023, into law to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.
The move was in “fulfillment of one of his campaign promises to liberalise funding of education,” a member of the then Presidential Strategy Team, Dele Alake, said.
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.
