National Assembly Passes Student Loan Bill
The National Assembly has passed the student loan bill.
The Senate and the House of Representatives make up the national assembly in Nigeria.
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The bill was considered in both houses on Wednesday and was given accelerated hearing.
It scaled first, second, and third readings in both houses during their sittings.
The bill was considered on the floor of the upper house after the committee’s report on tertiary institutions and TETFUND.
The committee’s chairman, Senator Muntari Dandutse (APC-Katsina South) presented the report of the bill called the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024.
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The bill became necessary following some anomalies which the administration of Bola Tinubu said had made it unworkable after being signed into law in June as soon as he assumed office.
THE WHISTLER reports that the bill proposes to offer Nigerians simple access to higher education through interest-free loans from the Nigerian Education Loan Fund, which was established by the Act to ensure education for all Nigerians.
