Tinubu Signs Student Loan Amendment Bill Into Law

By Damilare Adeleye

President Bola Tinubu has signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.

Recall that on March 20 the Nigerian Senate passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, after separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.

The report on the bill was tendered before the federal lawmakers by the committee's chairman, Senator Muntari Dandutse (All Progressives Congress - Katsina South).

The bill was introduced to the Senate by President Bola Tinubu for consideration and passage last week.

The Senate hurried the bill's hearing by suspending relevant elements of its original standing rules and referring it to the Committee of the whole for consideration.

Following a debate on the bill, Senate President Godswill Akpabio sent it to the Senate Committee on Tertiary Institutions and TETFUND for further legislative action, with a one-week report deadline.

The bill proposes to offer poor Nigerians access to higher education through interest-free loans from the Nigerian Education Loan Fund, which was established by the Act to ensure education for all Nigerians.