BREAKING: Tinubu Takes Fresh Action on Student Loan

• President Bola Tinubu has reintroduced the student loan bill to the House of Representatives for re-enactment
• Tajudeen Abbas, the speaker of the House of Representatives, disclosed the development while reading the president's letter during plenary
• The presidency had earlier debunked the report that the student loan scheme has been suspended indefinitely

President Bola Tinubu has forwarded a new student loan bill to the House of Representatives for new consideration.

The president's move was disclosed in a letter addressed to Tajudeen Abbas, the speaker of the House of Representatives, on Thursday, March 14.

Student loan scheme: Tinubu writes Reps

During the plenary on Thursday, the speaker read the letter to the lawmakers in the House, Daily Trust reported. The letter reads in part:

Read also

Tinubu’s govt to pay N794,000 as new minimum wage? NLC gives update

“Pursuant to Section 58(2) of the Constitution of The Federal Republic of Nigeria, 1999 (as amended). I forward, herewith, The Student Loan (Access to Higher Education) (Repeal and Re-Enactment) Bill, 2024, for the kind consideration of the House of Representatives."

“The Student Loan (Access to Higher Education) (Repeal and Re- Enactment) Bill, 2024 seeks to enhance the implementation of the Higher Education Student Loan Scheme by addressing challenges related to the management structure of the Nigerian Education Loan Fund (NELF), applicant eligibility requirements, loan purpose, funding sources and disbursement and repayment procedures.

“Whilst hoping that this submission will receive the usual expeditious consideration of the House of Representatives, please accept, Rt. Honourable Speaker, the assurances of my highest consideration.”

There has been controversy about the alleged suspension of the student loan scheme indefinitely by the presidency, a report that has been debunked.

Read also

FG announces date for conclusion of ongoing fire service recruitment

The presidency, had in its explanation, said the scheme was postponed to facilitate its expansion to accommodate persons with disabilities.

Kaduna: Tinubu says no ransom for kidnappers

Legit.ng earlier reported that Tinubu stated that his administration would not pay any ransom for the rescue of the students kidnapped at Kuriga in Kaduna state.

The president made his position known during the FEC meeting with the service chiefs on Wednesday in Abuja.

Tinubu stressed that his administration would not tolerate kidnapping activities, particularly mass abductions.

Source: Legit.ng