President Bola Tinubu has said that the student loan programme would begin in January.
President Tinubu announced this at the 29th Economic Summit organised by the Nigerian Economic Summit Group (NESG) in partnership with the Federal Ministry of Budget and Economic Planning in Abuja on Monday.
“By January 2024, the new student loan programme must commence,” the President said, adding that the programme would put an end to the incessant strike actions by academic and non-academic bodies in tertiary institutions.
“To the future of our children and students, we’re saying no more strikes. I thank my team and my colleagues for building this programme.”
In June, President Tinubu signed into law the Access to Tertiary Education Bill also known as the Student Loan Bill in fulfilment of his campaign promise. The bill provides interest-free loans to indigent Nigerian students.
The programme was earlier slated to begin in September for the 2023/2024 academic session.
- Nigeria Secures Tariff-Free Access to UAE Market as CEPA Takes Effect - January 14, 2026
- Nigeria Beat Algeria 2-0 to Reach AFCON Semi-Finals - January 10, 2026
- Presidential Tax Committee Counters KPMG’s Criticisms of New Tax Laws - January 10, 2026