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 …