President Bola Tinubu’s recent signing of the Student Loans Re-enactment Bill has signified a significant step towards enhancing access to higher education in Nigeria.
The legislation establishes the Nigerian Education Loan Fund, aimed at providing financial support to individuals pursuing higher education, vocational training, and skills acquisition programs.
With the repeal of the previous Students Loans (Access to Higher Education) Act of 2023 and the enactment of the new bill, the government reaffirms its commitment to empowering Nigerian youths through education.
This move is expected to alleviate financial burdens on students and contribute to the overall development of the country’s human capital.
