President Bola Tinubu has signed the students loan bill into law.
Tinubu signed the bill on Monday at the Presidential Villa, Abuja.
The legislation, which seeks to provide financial assistance to Nigerian students in tertiary institutions, passed the third reading in the lower chamber in May.Advertisement Dele Alake, a former Lagos commissioner of information and strategy, announced the signing of the bill to state house correspondents.
The legislation allows Nigerian students in tertiary institutions to access interest-free loans from the Nigerian education loan fund. The legislation provides for the establishment of the Nigerian education bank, which will have the power to administer, supervise, coordinate, and monitor the management of student loans in the country.Based on the provisions of the legislation, the bank is expected to receive applications for student loans through higher institutions on behalf of the applicants and screen them.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Tinubu signs student loan bill -- education bank to be established | TheCableBREAKING: officialABAT signs student loan bill — education bank to be established | TheCable
Read more »
Tinubu signs student loan bill -- education bank to be established | TheCableTinubu signs student loan bill — education bank to be established | TheCable
Read more »
FULL TEXT: Tinubu's first Democracy Day speech as president | TheCablePresident Bola Tinubu on Monday delivered his first Democracy Day speech where he talked about a variety of issues affecting the country. Here is the full text. Fellow Nigerians, 2.
Read more »
Democracy day: NGO urges Tinubu to avoid divisiveness, nepotism in leadership | TheCableNGO urges Tinubu to reject nepotism, divisiveness
Read more »
JUST IN: Judiciary should expect more reforms, says Tinubu | TheCablePresident Bola Tinubu says there will be more reforms in the country’s judiciary. The president said court orders that truncate democracy will no longer be allowed. Tinubu spoke on Monday
Read more »
Tinubu: June 12 struggle similar to battle for independence | We must jealously protect democracy | TheCablePresident Bola Tinubu says the opposition to the annulment of June 12, 1993 presidential election was 'equivalent' to the battle against colonial rule.
Read more »