President Bola Ahmed Tinubu has just enacted a groundbreaking law introducing interest-free student loans, a significant step towards enhancing access to education in Nigeria.
Sponsored by Hon. Femi Gbajamiamila, the law aims to provide financial assistance to students pursuing higher education.
Here are the steps to access the interest-free student loan
The Student Loan Bill which is now officially known as “AN ACT TO PROVIDE EASY ACCESS TO HIGHER EDUCATION FOR NIGERIANS THROUGH INTEREST FREE LOANS FROM NIGERIAN EDUCATION BANK ESTABLISHED” was sponsored by Hon. Femi Gbajabiamila.
Students applying for loan under this Act must apply to the Chairman of the Bank through their respective institutions upon satisfaction of the following conditions:
By: Precious Onajobi
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Many thanks, Precious. Thanks for being timely and consistent.
"The student loan scheme is for students with good academic performance".