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BREAKING: FG Announces Date to Begin Disbursement of Loans to Nigerian Students
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BREAKING: FG Announces Date to Begin Disbursement of Loans to Nigerian Students

by  Esther Odili 2 min read
  • The federal government has given an update regarding the disbursement of the student loan to Nigerian students
  • FG through the Ministry of Education on Wednesday, June 14, announced that students would have access to the loans beginning from September and October 2023
  • President Bola Tinubu on Monday, June 12, signed the bill to give students access to interest-free loans into law

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President Bola Ahmed Tinubu-led government on Wednesday, June 14, announced its plans to initiate the disbursement of student loans starting in September and October 2023.

David Adejo, the Permanent Secretary at the Federal Ministry of Education on behalf of the federal government confirmed this update during a media interaction held in Abuja on Wednesday, The Nation reported.

Bola Tinubu, student loan, FG
The recent signing of the bill by President Bola Tinubu has paved the way for students to access interest-free loans. Photo credit: Asiwaju Bola Ahmed Tinubu
Source: Facebook

Nigerian students to enjoy FG loan from September, October 2023

Adejo says the FG is working out modalities to begin the student loan as he speaks further on the bill signed by President Tinubu on Monday, June 12.

Read also

"Is he chasing a Guinness World Record?" President Tinubu signs data protection bill into law, Nigerians react

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Adejo added that the law would provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund, The Cable report added.

Benefits of the student loan signed by Tinubu

The loan, he said, covers the loan students in private and public schools, The Punch reported.

He noted further that President Tinubu had also approved a committee made up of ministries and agencies to see to the fruition of the loan scheme.

"Is he chasing a Guinness World Record?" President Tinubu signs data protection bill into law, Nigerians react

President Bola Ahmed Tinubu has signed the Nigeria Data Protection Bill of 2023 into law.

The national commissioner of Nigeria Data Protection Bureau (NDPB), Vincent Olatunji, announced in Abuja during a workshop.

Read also

How to apply, other details about student loan bill President Tinubu recently signed

According to Sahara Reporters, the Data Protection Act will give a legal framework to protect personal information and the practice of data protection in Nigeria.

Report explains why FG's Loan Act isn’t favourable to students

In another development, education experts and stakeholders have criticised one of the clauses stipulated in the Student Loan Act.

Clause 3 of the Student Loan Act says students will only be granted loans to pay tuition fees.

However, this is contrary to the existing provision of the law of the 1999 constitution that prohibits tuition charges in federal institutions.

Source: Legit.ng

Authors:
Esther Odili avatar

Esther Odili (Politics and Current Affairs Editor) Esther Odili is a journalist and a Politics/Current Affairs Editor at Legit.ng with 6+ years of experience. She Holds OND and HND in Mass Communication from the Nigerian Institue of Journalism (NIJ), where she was recognized as the best student in print journalism in 2018. Before joining Legit.ng, Esther has worked with other reputable media houses, such as the New Telegraph newspaper and Galaxy Television. In 2024, Esther obtained a certificate in advanced digital reporting from the Google News Initiative. Email: esther.odili@corp.legit.ng.

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