President Bola Tinubu has signed the Student Loan Bill into law, which is expected to establish an education bank.
The bill, which was passed by the national assembly in November 2022, seeks to provide interest-free loans to indigent Nigerian students.
The bill was sponsored by the immediate-past speaker of the House of Representatives, Femi Gbajabiamila.
During one of his campaigns, Tinubu promised to give student loans as part of efforts to develop the education sector and also build the youth capacity.
He made the promise in Chatham House during his interview session.
ATTENTION: All You Need to Know About The Students’ Loan Bill
The President had said:
“Youths are the greatest asset of tomorrow.
“The education system is to change. We would overhaul it and tinker with some areas with the philosophy that no one would be left behind. There will be student loans for all. We are going to reform the Almajiri system, We are equally going to build more schools, recruit more teachers and train them.”
The President also promised to introduce technology hubs for young people to acquire digital skills.
These hubs will help them develop their leadership skills and prepare them for the future since the digital age was upon us.
He had said:
“Youths can even develop technological languages on their own and make a better 21st-century approach to governance in Nigeria.”
