The implementation of the student loan will commence in January 2024, President Bola Tinubu has announced.
Tinubu made this known in Abuja during the National Economic Summit 2023 on Monday, while also assuring Nigerian students that the era of disruptive strikes is over.
“By January 2024, the new student loan must commence. To the future of our children and students, we are saying no more strikes,” he said.
The President had signed the student loan bill, which was sponsored by his Chief of Staff and erstwhile Speaker of the House of Representatives, Femi Gbajabiamila, into law on June 12, fulfilling one of his campaign promises.
The scheme will provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund.
