How bill (now law) excluded private university’s students, guaranteed equal Rights for students of Public Universities, Polytechnics; here is all you need to know about the Nigeria’s students loan Act
President Bola Tinubu has signed the Student Loan Bill into law.
A representative of the Federal Government, Dele Alake, disclosed this to State House Correspondents on Monday evening.
EXPLAINER
The bill will enable Nigerian students to access loans at interest-free rates.
The Bill (now law) seeks the establishment of the Nigerian Education Fund, domiciled with the Central Bank of Nigeria (CBN) from which qualified applicants can access education loans through the commercial banks in the country.
READ ALSO: BREAKING: Tinubu Signs Student Loan Bill Into Law
Tinubu Unedited: Full Text of June 12 Speech By Nigeria’s President
Subsidy: I’ll Reward Your Sacrifices, Tinubu Assures Nigerians
UPDATE: We’ve Picked Him, DSS Says Emefiele Now In Custody
‘Babe, I Swear, The Condom Broke…’ – By Funke Egbemode
The Act provides that notwithstanding anything to the contrary contained in other enactments, all students seeking higher education in any public institution of higher learning in Nigeria shall have an equal right to access the loan under this Act without any discrimination arising from gender, religion, tribe, position or disability of any kind.
The loan referred to in this Act shall be granted to students only for the payment of Tuition fees. The grant of the loan to any student under this Act shall be subject to the students/applicant(s) satisfying the requirements and conditions set out under this Act.
