Student Loan Act: ASUU, ASUP Expresses Reservation
President Bola Ahmed Tinubu had yesterday signed a student loan Bill into law, thereby guaranteeing students interest-free credit for their studies. The president during his campaign in the build-up to electioneering had promised that if elected into office will propose a student loan Act that will guarantee Nigerian indigenes have access to loan facilities for study. Accordingly, less than a month into office, president Tinubu ensured that such a promise has come to pass as described by one of his aid, Dele Alake, it was the “fulfillment of one of his campaign promises to liberalize funding of education.” The Students Loan Act is Tinubu's second piece of legislation signed into law after assuming office on 29th May 2023. The bill is to let Nigerian students have access to interest-free loans to study which will be payable after the study.