President Bola Tinubu has signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.
The new law is a product of the harmonized bill earlier passed by the two chambers of the National Assembly.
President Tinubu after signing the bill into law said that the law new law will ensure that no Nigerian child is denied the right to education.
The President said, “I have just signed a bill proclaiming the student loan effectively. First of all, I must thank members of the National Assembly for their expeditious handling of this bill considering the children of Nigeria, that education is the tool to fight against poverty effectively.
“We are determined to ensure that education is given the proper attention necessary for the country including skills development programmes. This is to ensure that no one, no matter how poor their background is, is excluded from quality education and opportunity to build their future.
“We are here because we are all educated and were helped. In the past, we have seen a lot of our children drop out of colleges and given up the opportunity.
“That is no more, the standard and the control is there for you to apply no matter who you are as long as you are a Nigerian citizen.
The Student Loan bill was earlier sponsored in the Senate by the Senate Leader and lawmaker representing Ekiti Central on the platform of the All Progressive Congress (APC), Senator Michael Opeyemi Bamidele.