Tinubu signs amended student loan bill into law.

On Wednesday, President Bola Tinubu signed into law the National Students Loan Amendment Bill.

The President signed the bill at the State House in the presence of the Senate President, Godswill Akpabio, the Deputy President of the Senate, Barau Jibrin, the President’s Chief of Staff, Femi Gbajabiamila, the Minister and Minister of State for Education, Hannatu Musawa, the Minister of State for Youth, Ayodele Olawande, the President of the National Association of Nigerian Students, other government officials, and presidential aides.

Tinubu signed the student loan bill into law in June 2023 to provide financial help to Nigerian students enrolled in educational institutions.

While the bill was signed earlier, its implementation has been delayed due to a variety of reasons.

Speaking afterwards, the president remarked, “First and foremost, I must applaud members of the National Assembly for their quick treatment of this law, given that education is the most effective tool for fighting poverty.”

“We are dedicated to guarantee that education is given the attention it requires for the country, including skill development projects. This is to ensure that no one, regardless of background, is denied access to a great education and the opportunity to achieve a better future.

“We’re all here because we were educated and supported. In the past, we’ve seen many of our children drop out of college and pass up opportunities. That is no longer the case; the standard and control are there for you to use regardless of who you are as long as you are a Nigerian citizen.”

This development followed separate discussions by the National Assembly’s two chambers’ committees on tertiary institutions and TETFund.