Students Loan Scheme Now To Take Off In January 2024- President Tinubu - EDU-BIZNEWS


Monday, October 23, 2023

Students Loan Scheme Now To Take Off In January 2024- President Tinubu

President Bola Almed Tinubu has fixed January, 2024 as the new take off date for the Student Loan Scheme earlier expected to commence last September, 2023 for students studying in both public and private tertiary institutions in Nigeria 

President Tinubu who approved the floating of the loan scheme on June 12, 2023, to assist students gave assurance on the new commencement date while declaring  open the 29th session of the annual Nigeria Economic Summit  on Monday at Transcorp Hilton, Abuja.

He also promised that episodes of industrial action by academic staff unions of tertiary institutions would become a thing of the past with the take off of the Students Loan Scheme 

“By January 2024, the new Students Loan Programme must commence. To the future of our children and students we’re saying no more strikes,” Tinubu assured 

The NES is being anchored by the non-profit think-tank, the Nigerian Economic Summit Group.

Tinubu added that his administration’s plans to stabilise the economy through the collaboration of all stakeholders, especially the private sector, stressing the need to immediately initiate a sustainable credit scheme.

He assured that such a scheme would aid an effective anti-corruption campaign

“There must be consumer credit, the scheme will have to come into effect as soon as possible.

“I thank my team and my colleagues for building this programme, develop it now.

“We cannot talk about anti-corruption when you have to look for cash to buy a car when there’s no mortgage for homeownership”, he said.

It will be recalled that President Tinubu recently approved the partial waiver of the “No Work, No Pay” Order instituted against striking members of the Academic Staff Union of Universities , to ensure payment of four out of the eight months salaries being owed to lecturers in public universities belonging to the Federal Government who went on eight months strike between February 14 and October 17, 2022,during the immediate past administration of Mohammadu Buhari

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