FG to commence disbursement of loans to Nigerian students

By Iyojo Ameh

The Federal Government of Nigeria says it is already working out plans for the disbursement of students loan between September and October 2023.

The Permanent Secretary, Federal Ministry of Education, David Adejo, stated this in Abuja while addressing newsmen on the bill signed by President Bola Tinubu.

According to him, the bill would provide indigent Nigerians easy access to funds for higher education through interest-free loans from the Nigerian Education Loan Fund, adding that the loan was applicable to students in both private and public schools.

President Tinubu had on Monday signed into law the Student Loan Bill in fulfilment of a promise he made during his campaigns.

The student loan bill sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila, provides for interest-free loans to indigent Nigerian students.