President Tinubu Signs Student Loan Bill into Law

In a landmark move to prioritize education and empower disadvantaged Nigerian students, President Bola Ahmed Tinubu (GCFR) signed into law the long-awaited Student Loan Bill earlier today. This significant legislation promises interest-free loans for indigent students across the nation, marking a decisive step toward fostering equal opportunities in education.

With the stroke of his pen, President Tinubu solidified the government’s commitment to educational advancement and equitable access for all Nigerian youth. The Student Loan Bill, now enacted as law, aims to alleviate the financial burden faced by economically challenged students, ensuring that they are not hindered in their pursuit of higher education.

This progressive measure demonstrates President Tinubu’s strong belief in the transformative power of education and his unwavering dedication to building a brighter future for Nigeria. By removing the obstacle of high-interest rates, the government’s student loan program will enable students from economically disadvantaged backgrounds to pursue their dreams without the worry of exorbitant debt.

Under the new legislation, eligible Nigerian students facing financial constraints will be able to access interest-free loans to cover tuition fees, educational materials, and living expenses while pursuing higher education. These loans will not accrue any interest, alleviating the burden on students and allowing them to focus on their studies.

Breaking News: President Bola Ahmed Tinubu (GCFR), a few minutes ago signed into law, the Student Loan Bill, which provides for interest-free loans to indigent Nigerian students. pic.twitter.com/NSMnMyoxH6

— Asiwaju Bola Ahmed Media Centre (@ABATMediaCentre) June 12, 2023