The Federal Government Will Start Implementing The Student Loan Program In September The Federal Government has said that student loans wi...
The Federal Government Will Start Implementing The Student Loan Program In September
The Federal Government has said that student loans will start to be used in September or October 2023.
Andrew David Adejo, the head of the Federal Ministry of Education, told the press about this on Wednesday in Abuja. He was talking about a bill that President Bola Tinubu signed into law a few days ago.
President Tinubu signed the student loan bill into law to keep a promise he made during his campaign.
The student loan bill, which was led by Femi Gbajabiamila, the Speaker of the 9th House of Representatives, gives poor Nigerian students credit without interest.
The Secretary General said that the goal of the law is to make it easy for poor Nigerians to go to school by giving them interest-free loans from the Nigerian Education Loan Fund.
