News
Students Loan: FG Insists On January Take-Off Date
The Minister of State for Education, Dr. Yusuf Tanko Sununu, has said that the Student Loan Scheme that was approved by President Bola Tinubu in June is on track to commence in January 2024.
Sununu reiterated the Federal Government’s commitment during an appearance on Arise TV, yesterday morning.
The Federal Government had earmarked N50bn in the 2024 budget for the implementation of its student loan scheme.
In response to questions regarding the status of the student loan programme set to begin in January 2024, Sununu said, “I want to tell you that we are on track. The committee is working day in and day out.
“The whole thing is going to be online, not through physical access. A website that will make for easy access is being developed.”
When asked to be specific, he said, “We want trust in governance and trust must have a timeline. So it may take from January 1st to January 31st, but as much as possible, we will ensure that by the 31st of January, students can access it.”
“If for any reason we cannot deliver, we will explain. We know that, as far as student loans are concerned, we are being tracked by multinational, international and local bodies, even the students and parents. And I assure you that by the political will and trajectory of Mr President, that is achievable.”
President Tinubu had in November, at the 29th National Economic Summit, emphasised the viability of the student loan scheme as a means of financing tertiary education and expanding the public’s accessibility to higher learning.
He stated, “By January 2024, the new students loan programme must commence. To the future of our children and students, we are saying no more strikes.
“To address long-standing issues in the education sector, a more sustainable model of funding tertiary education will be implemented, including the Student Loan Scheme scheduled to become operational by January 2024.”
News
Cleric Predicts Breakthrough, Warns of Political and Security Challenges in 2026
News
Ado Royal Family Disowns Alleged Installation of Amanyanabo of Okrika
News
PH Traders Laud RSG’s Fire Safety Sensitisation Campaign
-
News5 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports5 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics5 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics5 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports5 days agoPalace ready To Sell Guehi For Right Price
-
Sports5 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports5 days agoTottenham Captain Criticises Club’s Hierarchy
-
Sports5 days agoNetball ‘Project 2027’ Sets Higher Target
