BREAKING: Senate passes Student Loan Act Bill

• Senate approves Student Loan Act (Repeal & Re-Enactment) Bill, 2024.
• Committee report presented during plenary; Tinubu sends Bill to National Assembly.
• Bill aims for interest-free loans, referred for further work.

EKO HOT BLOG reports that the Senate on Wednesday, March 20, passed the Student Loans (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.

EDITOR’S PICKS

• BREAKING: Bandits Attack Sokoto, Kidnap Several Tsangaya Students
• Katsina Children Take To The Street, Protest Over Abductions, Killings
• Bandits Using Abducted Kaduna Pupils, Teachers As Human Shields

The chairman of the committee, Senator Muntari Dandutse (APC – Katsina South) presented the report during plenary.

Read Also: Tinubu writes House, seeks repeal, re-enactment of Student Loan Bill
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.

After debate on the Bill, Senate President Godswill Akpabio referred the Bill to the Senate Committee on Tertiary Institutions and TETFUND for further legislative work and to report back in one week.

FURTHER READING

• NSEMA Disburses N70m To Niger Farmers
• Court Slams N500,000 Fine Against Islamic Educational Organisation In Bauchi
• Pay Members N901m Debt, Petrol Marketers Begs Soludo

The Bill 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.

Click to watch our video of the week