New Students Loan Scheme Commences January – President Tinubu

By Ayodele Oni

The Federal Government is working on a credible loan scheme for students in tertiary institutions in the country.

President Bola Tinubu announced on Monday that by January 2024, the new Students Loan Programme must commence.

President Tinubu gave the assurance while speaking at the 29th edition of the annual Nigerian Economic Summit, anchored by the Nigerian Economic Summit Group (NESG), at the Transcorp Hilton, Abuja.

According to him, “To the future of our children and students we’re saying no more strikes.

“There must be consumer credit, scheme will have to come to effect as soon as possible. I thank my team and my colleagues to build this programme, develop it now.”

President Bola Tinubu was of the view that with the scheme in place, the era of industrial actions in the nation’s academic environment would come to an end.

Tinubu, who spoke extensively on his administration’s plans to stabilize the economy, with the collaboration of all stakeholders, especially the private sector, also noted the need to immediately initiate a sustainable credit scheme, which he said will aid an effective anti-corruption campaign.

“We cannot talk about anti-corruption when you have to look for cash to buy a car, when there’s no mortgage for homeownership.”

He said: “By January 2024, the new Students Loan Programme must commence. To the future of our children and students we’re saying no more strikes.”