BREAKING: Nigerian Senate passes student loan bill

The Nigerian Senate has taken a significant step by passing the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. This development comes after the Senate meticulously reviewed the report from the Senate Committee on Tertiary Institutions and TETFUND, which thoroughly deliberated on the Bill.

During the plenary session, Senator Muntari Dandutse (APC – Katsina South), the committee’s chairman, presented the report, highlighting key insights for consideration.

President Bola Tinubu had transmitted the Bill to the National Assembly for deliberation and passage last week, prompting swift action from the Senate. To expedite the process, relevant sections of the Senate’s standing rules were suspended, and the Bill was referred to the Committee of the Whole for thorough consideration.

Following an extensive debate, Senate President Godswill Akpabio directed the Bill to the Senate Committee on Tertiary Institutions and TETFUND for further legislative refinement. The committee was given a mandate to conduct additional work on the Bill and report back within one week.

The primary objective of the Bill is to streamline access to higher education for financially disadvantaged Nigerians. It aims to achieve this by establishing the Nigerian Education Loan Fund within the Act, providing interest-free loans to eligible individuals.

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

BREAKING: APC Crisis: Court of Appeal dismisses Moses Agaba’s appeal against Austin Agada

The Court of Appeal in Makurdi, Benue State, on Thursday dismissed an appeal filed by…

8 hours ago

BBNaija’s Phyna publicly rejects family, drops surname

Big Brother Naija Season 7 winner, Josephine Ijeoma Otabor, also known as Phyna, has publicly…

8 hours ago

Yemi Alade slams Cool FM, Clout Africa over blacklisting, refusal to forgive

Nigerian singer Yemi Alade has criticized prominent media outlets Cool FM and Clout Africa, accusing…

9 hours ago

BREAKING: Relief as Lakurawa terrorists flee Nigeria after military intervention

Senator Adamu Aliero, representing Kebbi Central, has announced that the Nigerian military successfully expelled the…

9 hours ago

BREAKING: Supreme Court nullifies National Lottery Act, grants states exclusive control

The Supreme Court has struck down the National Lottery Act of 2005, ruling that the…

9 hours ago

Latest update on fuel price hike, fuel scarcity for November 22nd, 2024

As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…

14 hours ago