The Federal Government has said the recovery process from beneficiaries of the Nigeria Education Loan, (NELFund), scheme would commence two years after the National Youth Service Scheme (NYSC). The Executive Secretary, NELFund, Dr. Akintunde Sawyer, disclosed this in an interview with the News Agency of Nigeria (NAN), in Abuja yesterday. On 12 June 2023, President Bola Tinubu signed the Access …

The Moshood Abiola Polytechnic Abeokuta Muslim Alumni (MAPAMA) has hailed the directive by President Bola Tinubu on the Student Loan scheme take off. Declaring open the 29th session of the Nigeria Economic Summit at the Transcorp Hilton, Abuja last Monday, President Tinubu assured that the scheme would take off next January. President Tinubu signed the Student Loan Bill into law …

The Student Loan Scheme will take off next January, President Bola Tinubu has assured. President Tinubu signed the Student Loan Bill into law last 12th June, 15 days after his assumption of office. It was proposed by the then Speaker of the House of Representatives , Rt. Hon. Femi Gbajabiamila, who is now Chief of Staff to the President. It …

Within minutes of the release of the video of President Bola Tinubu signing the students’ loan bill into law, it was trending on Twitter as was the name of Chief of Staff Femi Gbajabiamila, who sponsored the bill in his former life as Speaker of the House of Representatives. Apart from the Nigeria Maritime University which was charging N81,500 per …

The Federal Government has said that it is working out modalities to begin the disbursement of student loans from September. Permanent Secretary at the Federal Ministry of Education, David Adejo, disclosed this while answering questions from journalists in Abuja, on Wednesday. On Monday, President Bola Tinubu signed the bill to give students access to interest-free loans into law. According to …

The Moshood Abiola Polytechnic Abeokuta Muslim Alumni (MAPAMA) has commended President Bola Tinubu for signing into law the Students Loan Bill. MAPAMA described the action as “another courageous decision and positive step being taken by Tinubu within two weeks he assumed office”. The association equated the latest legislation to the new Electricity Bill the President signed into Law last week. …

Reactions have trailed Monday’s signing of the Student Loan Bill into law by President Bola Tinubu. The signing of the bill was in “fulfilment of one of his campaign promises to liberalise funding of education,” a member of the Presidential Strategic Team, Mr. Dele Alake, told State House correspondents on Monday evening. The Students Loan Act becomes Tinubu’s second piece …

The Student Loan Bill was proposed by the speaker of the ninth House of Representatives, Rt. Hon. Femi Gbajabiamila, and it was passed by the lawmakers in late May 2023. In November 2022, Gbajabiamila urged the Education Bank to provide interest-free loans to students in tertiary institutions in order to make funding education at that level more accessible to all. …

President Bola Tinubu has signed into law the Student Loan Bill in fulfilment of a promise he made during his campaign. This was announced on Monday by an aide to the President, Mr. Dele Alake, who explained that the funds would be domiciled in the Ministry of Education and will only be accessed by indigent students of tertiary institutions. Sponsored …

The Students Loan Bill recently passed by the National Assembly recommended two years imprisonment or N500,000 or both for students who default in repayment or anyone found aiding defaulters. As part of efforts geared towards addressing funding challenges in the country’s tertiary institutions of learning, the National Assembly recently passed the Student Loan Bill, which has faced much criticism, into …