NAIRAMETRICS
President Bola Tinubu has signed the newly revised Student Loans Re-enactment Bill, 2024 into law.
The president signed the bill into law on Wednesday in State House Abuja in the presence of key stakeholders such as the Minister of Education and the leadership of the National Assembly.
This development followed the Senate and the House of Representatives independently evaluating the Committee on Tertiary Institutions and TETFund’s findings.
The executive bill, known as “A Bill for an Act to repeal the Students Loans (Access to Higher Education) Act, 2023, and to Enact the Student Loans (Access to Higher Education) Bill, 2024,” aims to create the Nigerian Education Loan Fund.
The entity will be established as a corporate body to administer, manage, and invest funds specifically for providing loans to Nigerians pursuing higher education, vocational training, and skills acquisition, along with other related activities.
