President Bola Tinubu has signed the Student Loans Act into law.
The development follows individual reviews by both the Senate and the House of Representatives of the report from the Committee on Tertiary Institutions and TETFund.
President Tinubu stated that the main aim of the new law was ensure that Nigerian children are not denied the right to education which he described as the tool to effectively fight poverty.
He explained that the act will ensure that education is given the proper attention necessary for the country including skills development programmes.
The Bill sponsored by Senator representing Ekiti Central Senatorial District of Ekiti State, Bamidele Opeyemi aims to improve the execution of the Higher Education Student Loan Scheme in Nigeria.
Under this Bill, the Nigerian Education Loan Fund (NELFUND) would be established to offer loans to eligible Nigerians for their tuition, fees, charges, and living expenses while studying in approved tertiary institutions and vocational training centers in Nigeria.
The process of nominating the new Olubadan was stalled on Tuesday, as eight kingmakers boycotted the meeting, convened by the Head of the Ibadan Traditional Council, Chief Rashidi Ladoja. The meeting was convened by Ladoja, who is also the Otun Olubadan, at the ancient Mapo Hall, to begin the process that will lead to the emergence of the next Olubadan. Only Chief Ladoja was there as a member of the Olubadan in Council, […]
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