President Bola Ahmed Tinubu (GCFR) signed into law, the student loan bill, which provides for interest-free loans to indigent Nigerian students.
The bill seeks to make access to higher education for Nigerians through interest-free loans from the Nigerian Education Fund established in this Act with a view to providing education for all Nigerians and for other purposes connected thereto.
Rt Hon femigbaja in 2019 had raised the ‘Students Loan (Access to Higher Education) Bill, 2019, a Bill for an Act to provide for easy access to higher education for Nigerians through interest-free loans from the Nigerian Education Fund.
The Act that was signed 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.
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