The student loan bill sponsored by the Speaker of the 9th House of Representatives, and now the Chief of Staff to the President, Femi Gbajabiamila, which provides for interest-free loans to indigent Nigerian students, passed the third reading at the House, a few weeks ago.
He said the conditions for the loan are “not practicable,” noting that more than 90% of students won’t meet the stringent requirements to access and repay the loan. Osodeke therefore, asked President Tinubu to convert the loans to grants for the poor students as they will have a heavy burden of paying back within 2 years or they will go to jail if they fail to do so.
“Indeed, His Excellency Bola Ahmed Tinubu, President Federal Republic of Nigeria is a man of his words and very conscious of his promises to the entire Nigerian populace as enshrined in his manifesto titled; Renewed Hope, he added.” According to him, that the Loan Fund has now become a reform reality, and is in the process of being implemented, is a significant development.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Student loan bill will boost quality education — FirmTertiary education financing digital platform, PressPayNg, has said the legislation and signing of the Student Loan Bill will help young Nigerians access funding for higher education with less stress.
Source: MobilePunch - 🏆 8. / 63 Read more »
Issues with Tinubu’s education loan scheme, By Jideofor AdibeTinubu’s first three weeks in office have been packed with actions – fuel subsidy was removed on his inauguration, some aides have been appointed, the Naira has been floated and a Bill establishing an education loan scheme has been signed – among others. Though the actions so far have been mostly policy pronouncements that are […]
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Tinubu’s Student Loan Act Is Anti-Poor Law Aimed At Commercialising Public Education, Says Pro-Education Group | Sahara ReportersA rights group under the aegis of Education Rights Campaign (ERC) has described the Student Loan Act recently introduced by President Bola Tinubu’s administration as a market fundamentalist and anti-poor piece of legislation aimed at full commercialisation of public education. The group affirmed that those who have applauded the Act are either ignorant of the real consequences or are anti-poor and pro-capitalist elements who do not believe that education ought to be an inalienable right and not a privilege.
Source: SaharaReporters - 🏆 9. / 63 Read more »
Newspaper Headlines: DSS raids Bawa's residence, office, extends probe to associates | TheCableIssues around the dissolution of boards of federal government agencies, ministries, and departments; and the student loan policy of the federal government, dominate the front pages of the dailies today.
Source: thecableng - 🏆 2. / 80 Read more »