President Bola Ahmed Tinubu has consented to the 2023 Student Loan Act following its passage by the 9th National Assembly. This significant event took place on Monday at the Presidential Villa in Abuja. This law’s enactment aims to enhance educational accessibility and provision at the tertiary level.
Andrew Adejo, the Permanent Secretary of the Federal Ministry of Education, and Dele Alake, a senior aide to the President, both clarified that the act will facilitate the provision of loans to financially disadvantaged students, enabling them to pursue their educational aspirations.
According to Alake, the implementation of this loan program fulfills one of the promises made by Tinubu during his election campaign.
“Today, President Bola Ahmed Tinubu has just signed the Student Loan Act. This is just in fulfillment of his promise during the electioneering campaigns, where he promised that students would access loans to go to school,” he said.
The Permanent Secretary of the Ministry of Education emphasized that the Federal Scholarship Board, previously deprived of adequate funding, required supportive legislation to operate effectively. With the introduction of the enabling act, the procedures for seamless access to educational loans will be significantly streamlined.