Senate Pass Student Loan Act 2024

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The Nigerian Senate has passed the Student Loan, Access to Higher Education, Act 2024.

This resolution followed its consideration of the report of the senate committee on tertiary institutions and TETFUND.

The chairman of the committee, Senator Muntari Dandutse presented the report during plenary.

Recall that last week, President Bola Tinubu had transmitted the Bill to the National Assembly for deliberations and passage.

The Senate had then given the Bill an accelerated hearing by suspending relevant sections of its standing rules and referred the Bill to the Committee of the Whole for consideration.

The bill was then referred by Senat President, Godswill Akpabio to the senate committee on Tertiary institutions and TETFUND for further legislative work to report in one week.

The Student Loan Act is set up to provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund established in the Act to provide education for all Nigerians.

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