Tinubu To Launch Students Loan Scheme March 14 — Presidency

The Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, has disclosed that President Bola Tinubu will launch the Student Loan Scheme on Thursday, March 14, 2024.

Recall that on June 12, 2023, President Bola Tinubu 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 FG had voted N50bn in the 2024 budget for the implementation of its student loan scheme, as contained in the details of the 2024 budget appropriation.

Tinubu gave the assurance that the loan scheme would kick off in January.

“By January 2024, the new student loan programme must commence. To the future of our children and students, we are saying no more strikes.

“To address long-standing issues in the education sector, a more sustainable model of funding tertiary education will be implemented, including the Student Loan Scheme scheduled to become operational by January 2024,” he said.

Ngelale while speaking on TVC’s Politics on Sunday stated that the Scheme which was supposed to be launched in January will finally commence on Thursday.

“Later this week, on Thursday, the President will launch the historic National Student Loan Programme,” he said.