Just In: Senate Passes Students Loan Act
The senate has passed the Students Loan (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024.
The resolution of the Senate followed its consideration of the report of the Senate Committee on Tertiary Institutions and TETFUND that considered the Bill at Wednesday’s plenary.
The Chairman of the committee, Senator Muntari Dandutse (APC – Katsina South) presented the report during plenary
President Bola Tinubu had last week transmitted the Bill to the National Assembly for its consideration and passage.
The Senate had given the Bill accelerated hearing by suspending relevant sections of its standing rules and referred the Bill to the Committee of the Whole for consideration.
The Senate President Godswill Akpabio after deliberation referred the Bill to the Senate Committee on Tertiary Institutions and TETFUND for further legislative work and to report back in one week.
The Bill which seeks to provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund established in the Act to provide education for all Nigerians.
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