Tinubu signs 2023 student loan act into law

President Bola Ahmed Tinubu has signed the 2023 Student Loan Act into law.

The bill was passed by the 9th National Assembly but assented to by Tinubu on Monday at the Presidential Villa, Abuja, as part of measures to boost educational access and delivery at the tertiary level.

This was made known in a statement by The Permanent Secretary of the Federal Ministry of Education, Andrew Adejo, and Dele Alake, a senior aide to the President.

“Today, President Bola Ahmed Tinubu has just signed the Student Loan Act. This is just in fulfilment of his promise during the electioneering campaigns, where he promised that students would access loans to go to school,” he said.

He further stated that the Federal Scholarship Board, which already exists, was starved of funds and needed an enabling act to work properly, but now that an enabling act is in place, the processes for hitch-free access to education loans will be much easier.