The Senate has passed the Student Loan Bill to the Senate’s Committee on Tertiary Institutions for further legislative actions after scaling the first and second reading.
The bill, an executive bill, is seeking to repeal and reenact law for students to have access to loan facilities to pursue their Higher Education.
The bill seeks to enhance the implementation of the Higher Education Student Loan Scheme by addressing challenges related to the management structure of the Nigerian Education Loan Fund and other related matters.
It will be recalled that President Bola Tinubu had temporarily suspended the Student Loan Scheme, thereafter, sent a letter to the National Assembly, seeking to establish a legal framework for the loan intervention scheme.
Without any delay, the lawmakers swiftly considered the bill, due to its sensitive nature.
In their various contributions the lawmakers admit that the bill is timely as it will offer opportunity to every Nigerian youth to get education as well as ensure adequate provision of welfare for the students during their course of study.
The Senate, has therefore, read the bill and scaled through the second reading and has been referred to the Senate’s Committee on Tertiary Institutions for further legislative action.
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