Student Loan Bill Into Law - Tinibu has Signed - NAIJA STICK

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Student Loan Bill Into Law - Tinibu has Signed

Jun 12, 2023

Student Loan Bill Into Law - Tinibu has Signed:President Bola Tinubu has officially enacted the Student Loan Bill, according to a statement made by his aide, Dele Alake, to State House Correspondents on Monday evening.


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The newly passed law will facilitate Nigerian students’ access to loans with no interest rates.

The bill successfully passed its second reading in the House of Representatives on May 25, 2023.

Sponsored by Gbajabiamila, the bill is titled ‘A Bill for an Act to ensure convenient accessibility to higher education for Nigerians through interest-free loans provided by the Nigerian Education Bank established in this Act for the purpose of providing education for Nigerians and other related objectives.’