Youth Minister Applauds FG For Signing Student Loans Bill

Maryam Aminu

The federal government of Nigeria is determined to ensure that education is given the proper attention necessary for the country including skills development programmes.

This is as President Bola Ahmed Tinubu on Wednesday signed the student loans re-enactment bill into law.

The law will allow Nigerian students in tertiary institutions to access low-interest loans for tuition and other academic needs.

Reacting to the signing of the bill, the Hon.Minister of State for Youth Development, Hon Ayodele Olawande applauded President Bola Ahmed Tinubu for signing of the student loans (Access to Higher Education) bill into law which establishes the Nigerian Education Loan Fund (NEL­FUND).

Olawande made the remarks on Wednesday, during the signing of the bill.

The Minister expressed delight that Pres­ident Tinubu is placing pre­mium on the provision of quality education to Nigeri­ans, adding that he has shown that he is not just talking about investing in the future; he is also committed to making it happen

While expressing that the groundbreaking law is poised to change the future of education in Nigeria forever, the Minister encouraged young people to grab the opportunity with both hands

According to the Minister, “this new law creates the Nigeria Education Loan Fund, NELFUND to support students financially so they can study without worrying about tuition and other school-related expenses.

“To every young person willing to dream and aspire, this law is your invitation to step up, get educated and contribute to the growth and development of our dear nation.

Olawand assured that the Ministry of Youth Development will work closely with NELFUND to ensure that the law is effective and that the youth of Nigeria derive maximum benefits that would aid their quest for quality education.

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