Connect with us

News

UPDATED: Tinubu Signs Student Loan Bill Into Law

Published

on

President Bola Tinubu, on Wednesday, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law.

This comes after separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.

Speaking after he signed the bill, Tinubu said no Nigerian, regardless of their background, will be excluded from obtaining quality education.

Advertisement

This is to ensure that no one, no matter how poor their background is, is excluded from quality education and opportunity to build their future,” said the President at the State House, Abuja.

The executive bill titled “A Bill for an Act to repeal the Students Loans (Access to Higher Education) Act, 2023 and Enact the Student Loans (Access to Higher Education) Bill, 2004 to Establish the Nigerian Education Loan Fund as a body corporate to receive, manage and invest funds to provide loans to Nigerians for higher education, vocational training and skills acquisition and for related matters” was signed in the presence of the leadership of the National Assembly, Ministers and Major Stakeholders of Education.

READ ALSO: BREAKING: Tinubu Signs Student Loan Bill Into Law

This followed separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund.

Advertisement

Tinubu thanked the National Assembly for considering the piece of legislation speedily, affirming that the administration is determined to increase the skill levels of Nigerians.

He said, “I have just signed a bill proclaiming the student loan effectively. First of all, I must thank members of the National Assembly for their expeditious handling of this bill considering the children of Nigeria, that education is the tool to fight against poverty effectively.

“We are determined to ensure that education is given the proper attention necessary for the country including skills development programmes.

READ ALSO: Meet Africa’s Seven Youngest Presidents, Military Leaders [Age, PHOTOS]

Advertisement

“We are here because we are all educated and were helped. In the past, we have seen a lot of our children dropped out of colleges and given up the opportunity. That is no more, the standard and the control is there for you to apply no matter who you are as long as you are a Nigerian citizen.”

On June 12, 2023, Tinubu signed the Access to Higher Education Act, 2023 into law to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.

The move was in “fulfillment of one of his campaign promises to liberalise funding of education,” a member of the then Presidential Strategy Team, Dele Alake, said.

The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to process all loan requests, grants, disbursement, and recovery.

Advertisement

Although the government initially announced that the scheme will be launched in September, it suffered several delays leading to an indefinite postponement in early March.

READ ALSO: Employer Allegedly Beat Employee To Death

The Presidency had linked the delay to Tinubu’s directive to expand the scheme to include loans for vocational skills.

After receiving briefing from the NELFUND team led by the Minister of State for Education, Dr Yusuf Sununu, on January 22, the President had directed the Fund to extend interest-free loans to Nigerian students interested in skill-development programmes.

Advertisement

Tinubu based his decision on the need for the scheme to accommodate those who may not want to pursue a university education, noting that skill acquisition is as essential as obtaining undergraduate and graduate academic qualifications.

“This is not an exclusive programme. It is catering to all of our young people. Young Nigerians are gifted in different areas.

“This is not only for those who want to be doctors, lawyers, and accountants. It is also for those who aspire to use their skilled and trained hands to build our nation.

“In accordance with this, I have instructed NELFUND to explore all opportunities to inculcate skill-development programmes because not everybody wants to go through a full university education,” he had said.

Advertisement

 

News

Nigeria May Adopt Chinese Water Transport System

Published

on

Nigerian maritime stakeholders and authorities have concluded plans to understudy the Chinese waterways transport model with a view to perfecting Nigeria’s waterways transportation system.

In a statement, the Head of Maritime Roundtable Breakfast Meeting, MBRBM, Mrs Tosan Edodo-Emore, said that China being the largest country with the largest inland waterways is apt to teach Nigeria on how best to manage and improve water transport system.

READ ALSO: Troops Ambush Terrorists On Transit To Cause Havoc In Kaduna, Neutralize Two

Advertisement

She said that the Consul General of the People’s Republic of China, Madam Yan Yuqing, is expected to share the Chinese experience with the Sino-Nigeria Maritime Relationship and lessons to be learnt from China at the summit scheduled for April 18, 2024.

According to the Edodo-Emore, the Summit themed, “Security and New Technologies in Inland Waterways Transportation”, will have some heads of maritime institutions

Advertisement
Continue Reading

News

NAFDAC Alerts Nigerians On Banned Soap

Published

on

The National Agency for Food and Drugs Administration and Control (NAFDAC), has drawn Nigerians’ attention to the ban on Dex Luxury Bar Soap (No 6 Mystic Flower), by European Union (EU).

The notification is contained in a public alert with No. 012/2024, signed by NAFDAC Director-General, Prof Mojisola Adeyeye, and issued to newsmen in Abuja on Sunday.

The product does not comply with the cosmetic products regulation; it also contains Butyphenyl Methylpropional (BMHCA), which is prohibited in cosmetic products due to its risk of harming the reproductive system.

Advertisement

READ ALSO: NAFDAC Shuts 10 Bakeries, Eight Water Factories In Rivers

“It also causes harm to the health of unborn children and may cause skin sensitisation.

“It is as a result of the defective nature of the product that the EU banned it.

“The products is not in NAFDAC database; importers, distributors, retailers and consumers are to exercise caution and vigilance within the supply chain,” she said.

Advertisement

READ ALSO: NAFDAC, PCN Raid, Seal 1,321 Patent Medicine Outlets In Kano

Adeyeye called on marketers and consumers to avoid the importation, distribution, sale and use of the product, saying that product’s authenticity and physical condition must be carefully checked.

She called on members of the public in possession of the product to discontinue sale or use, and submit stock to the nearest NAFDAC office.

The NAFDAC boss advised healthcare professionals and consumers to report any suspicion of adverse reaction or substandard and falsified regulated products to the nearest NAFDAC office on 0800-162-3322 or via email: sf.alert@nafdac.gov.ng.

Advertisement

She also encouraged healthcare professionals and patients to report adverse events or side effects related to the use of the product, to the nearest NAFDAC office.

Continue Reading

News

Troops Ambush Terrorists On Transit To Cause Havoc In Kaduna, Neutralize Two

Published

on

Troops of the Nigerian Army have neutralized two terrorists and recovered arms in Giwa Local Government Area of Kaduna State.

Director Army Public Relations, Major General Onyema Nwachukwu, who made this known in a statement on Sunday, April 14, 2024, said the terrorists were on transit to cause havoc in the area.

Nigerian Army troops deployed for Counter- terrorism Counter-insurgency operations in the North West on Saturday 13 April 2024 successfully ambushed and neutralized two terrorists transiting with arms in Kaduna,” the statement read.

Advertisement

READ ALSO: Police Nab Man Who Killed 100-year-old Mum Over Palm Oil Proceeds

The operation, which took place in Rafin Sariki Village of Giwa Local Government Area, was a prompt response to actionable intelligence on the presence of terrorists transiting with a sack containing weapons.

“The troops laid in ambush for the terrorists and engaged them in a gun battle, that neutralized two of the terrorists. The gallant troops also recovered one AK-47 rifle, 52 rounds of 7.62mm special ammunition, and one locally fabricated revolver frame.

“The Nigerian Army remains committed to ensuring the safety and security of the citizenry and the nation in general.

Advertisement

“The NA will thus, continue to take decisive actions against terrorists activities in the region.”

Continue Reading

Trending