The Senate today, passed for second reading the Students Loans Access to Higher Education Act (Repeal and Enactment) Bill, 2024.
This followed a correspondence by the President Bola Tinubu who wrote to the Senate seeking the repeal of the existing law, and has submitted a fresh bill to be passed into law.
This request comes a day after the announcement of a temporary suspension of the commencement of the student loan scheme which would allow students of tertiary institutions access interest-free loans to complete their studies.
Senator Sani Musa, during plenary, suggested that a percentage from bank charges be deployed to the student loan fund to ensure sustainability.
The passage of the bill followed a debate by several lawmakers who lauded the executive bill which also seeks to address challenges relating to the management structure of the Nigerian Education Loan Fund (NELF), applicants’ eligibility requirements, loan purpose, funding sources and disbursement
A Federal High Court has revoked the bail earlier granted to former Attorney-General of the…
Forensic specialists have recovered 105 bodies from mass graves in Yelwata, marking a significant development…
The Supreme Council for Sharia in Nigeria (SCSN) has firmly dismissed reported calls by some…
Ahmadu Umaru Fintiri, the Governor of Adamawa State, has officially left the Peoples Democratic Party…
Tragedy struck in Ogun State after a worker attached to the state’s planning authority was…
President Bola Tinubu hosted a select group of senators for an Iftar dinner at the…