Home » Breaking: Tinubu signs student loan bill into law

Breaking: Tinubu signs student loan bill into law

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Dele Alake, a representative of the federal government, confirmed on the evening of Monday, June 12, that President Bola Tinubu has officially signed the Student Loan Bill into law.

This significant development will grant Nigerian students access to loans at interest-free rates.

Telescope.ng reports that the legislation successfully passed its second reading at the House of Representatives on May 25, 2023. Now, with the President’s signature, the bill has become law, paving the way for a new era of educational support for Nigerian students.

The Student Loan Bill aims to alleviate the financial burden faced by students by providing them with access to loans that do not accrue interest. This measure will enable more students to pursue higher education and contribute to their personal growth and the nation’s development.

With the implementation of this law, Nigerian students will have increased opportunities to finance their education, making quality education more accessible to a wider population.

The interest-free loans will assist students in covering tuition fees, purchasing educational materials, and meeting other educational expenses.

The signing of the Student Loan Bill into law signifies the government’s commitment to investing in the future of Nigerian students and the education sector as a whole.

It is expected to have a positive impact on the educational landscape, opening doors for students to fulfill their academic aspirations and contribute to the progress of the nation.

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