President Bola Tinubu, on Wednesday, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.
This comes after separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.
The President had earlier signed the bill into law in June 2023 but it was later reconsidered for a review by the legislative arm of government.
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The Students Loan Act became President Tinubu’s second piece of legislation signed since he assumed office two weeks ago.
The bill would enable indigent students to access loans at interest-free rates.
It would be recalled that the piece of legislation was sponsored by the Speaker of the 9th House of Representatives, Mr. Femi Gbajabiamila and passed the third reading at the House on May 25, 2023.