In a significant move aimed at enhancing educational opportunities for indigent students, President Bola Tinubu has fulfilled one of his electoral promises by signing the Students Loan Bill into law. This milestone was announced by Mr. Dele Alake, a member of the Presidential Strategic Team, along with other members of the President’s media team and the Permanent Secretary of the Ministry of Education, David Adejoh, during a press conference in Abuja.
The signing of this new law is a testament to President Tinubu’s commitment to prioritizing access to education and empowering young Nigerians. Addressing concerns regarding potential inflation of school fees, Alake emphasized that the law’s purpose is to assist financially disadvantaged students in acquiring quality education within the country.
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“We are very happy to announce to you that today, just a few minutes ago, the President His Excellency, Bola Ahmed Tinubu, signed into law the Student Loans Bill, and that Student Loans Bill, you all know what it entails, what it connotes the meaning,” Alake declared.
He further elaborated on the significance of this legislation, explaining that it fulfills a promise made by President Tinubu during his presidential campaign to prioritize the issue of student loans. The new law will enable indigent students to access federal government loans, allowing them to fund their educational pursuits and careers. Alake highlighted that such a system is prevalent in developed countries around the world.
With the signing of the Students Loan Bill into law, President Tinubu has taken a critical step towards ensuring that financial constraints do not hinder students’ aspirations for higher education. This move is expected to have a positive impact on the lives of numerous deserving students, unlocking their potential and contributing to the nation’s overall development.