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UPDATED: Tinubu Signs Student Loan Bill Into Law

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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.

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.

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]

“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.

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.

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.

 

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OPINION: Between Mike Adenuga And Prometheus

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By Lasisi Olagunju

The Greek word ‘philos’ means ‘love’, and ‘anthropos’ means ‘man’ or ‘humanity.’ The Englishman came across those two words, combined them and came up with ‘philanthropy’ – ‘love of mankind.’ The Ancient Greek was a nation of great thinkers. World civilizations inherited from these great people rare knowledge preserved in myths, folktales and legends of heroes. They clothed their myths with assumptions and beliefs that have endured centuries of interrogations and reviews. One of those is their insistence that one of their titans, Prometheus, was the very first philanthropist.

And I ask how? ‘Prometheus’ as a Greek name means ‘Forethinker’. One writer says we should not be tired of celebrating him because “he loved us. He helped us. He defied the other gods and suffered for us.” To Timothy Wutrich, American Professor of Comparative Arts, Prometheus is “the polymath, creative genius, and philanthropist” who rebelled against Zeus to save humanity. What exactly is that thing he did?

The Greek in their myth say man was created naked and vulnerable in a hostile world of privileged beasts. But Prometheus, who was present during creation, took a deep look at the helpless creature, thought of what to do, fished out fire from where Zeus hid it and gifted it to Man. Classical Greek dramatist, Aeschylus (524-455 BC), in his ‘Prometheus Bound’ casts him as humanity’s “preserver” who gave us “all the arts and sciences as well as the means of survival.”

The immediate past president and chief executive officer of The Pew Charitable Trusts, Rebecca W. Rimel, on 28 April, 2001, addressed a joint meeting of the American Philosophical Society, the Royal Society and the British Academy on what she called the strategy of charity. At that proceeding, she addressed the Promethean fire philosophy. She explained ‘fire’ as that long-term solution that addressed the root of a problem: “The gift of fire,” Rimel explained, “transformed the world. Fire did not simply permit a few people to enjoy a hot meal and a warm shelter on the day it was given. It was a new tool that could be used forever to help humans make their often-hostile environment more accommodating…” She suggested that ‘fire’ could stand for education, for knowledge, skill. It could wear the dress of the master going the extra mile of teaching his protégés how to fish. She added that “philanthropy is not simply a kind attitude – it also implies a certain kind of approach” which we see in the myth of Prometheus. She proceeded to sit Prometheus with Thomas Jefferson and the American founding father’s profound belief that “a free nation could remain free only if its people were educated.” She alluded to Jefferson’s 1808 “ardent desire to see knowledge” in every man.

When Globacom chairman, Dr. Mike Adenuga Jr., turned 70 last year. I wrote a column and gave reasons why I did: his patriotism; his calls of commendation to me – and his kindness across all divides. Recently when Air Peace appeared buffeted by vicious tides of competition, I wrote and likened that company’s intervention to Globacom’s epochal entry into telecoms in Nigeria. I said before Globacom, there was exploitation from outsiders and Nigerians were made victims in their own country. The Nigerian telecoms subscriber was the pre-Prometheus man – naked and helpless. Then, Mike Adenuga’s company made its grand entry in August 2003 and its Promethean fire broke the chains. It was amazing how miserably the padlocks of brutal exploitation surrendered. My triumphant people would say they’d seized the enemy’s àgádágodo – the ones clothed with tiger skin and the ones hidden in hides of alligator (aláwo ekùn, àt’aláwo agílíntí).

Adenuga and his Globacom came with a string of firsts that have been mentioned repeatedly. Someone asked why those acts of patriotism are repeatedly told as stories, I answered that Nigerians of today who are thirty years and younger were too young in August 2003 to appreciate the battle won for them by Adenuga 21 years ago. They need to be told repeatedly that it happened. Read again Thomas Jefferson’s dictum which I quoted above: A free nation can only remain free if its people are educated. I add that education includes adequate knowledge of our history.

Today again, Adenuga celebrates his 71st birthday. I read many testimonies of his unannounced public-spiritedness last year when he clocked 70. I am reading (and savouring) refreshingly new ones this year. The stories of his activities are so much like the Promethean story: philanthropy that clothes the naked and addresses the roots of people’s poverty; charity that ennobles humanity and extends the frontiers of knowledge, friendship, love and kindness. The book of his benevolence includes chapters on scholarships and endowments in arts and science. Ask universities around; ask the Alliance Francais in Lagos. Ask the rescued widow in the backwaters of Yewa whose story changed forever. Ask me: I know (and I have heard) of people he dazed with kindness whom he did not give the opportunity to say “thank you.” As he does his Godly thing his quiet way, we will keep telling the world in our own loud words that he represents the best of humanity.

I wish him a happy birthday and very many more years of sweetness as his vintage wine grows in richness.

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2024 UTME: JAMB Withholds Results Of 64,624 Candidates

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The Joint Admissions and Matriculation Board, on Monday, announced the release of the 2024 Unified Tertiary Matriculation Examination.

The Registrar of the Board, Prof. Ishaq Oloyede, made this known during an ongoing press briefing in Bwari, Abuja.

Oloyede also noted that the results of 64,624 out of the 1,904,189 who sat the examination have been withheld by the Board and will be subject to investigation.

READ ALSO: JUST IN: WASSCE Begins April 30

The Board Registrar noted that though a total of 1,989,668 registered, a total of 80,810 candidates were absent.

“For the 2024 UTME, 1,989,668 candidates registered including those who registered at foreign centres. The Direct Entry registration is still ongoing.

“Out of a total of 1,989,668 registered candidates, 80,810 were absent. A total of 1,904,189 sat the UTME within the six days of the examination.

READ ALSO: BREAKING: JAMB Releases 2024 UTME Results 

“The Board is today releasing the results of 1,842,464 candidates. 64,624 results are under investigation for verification, procedural investigation of candidates, centre-based investigation and alleged examination misconduct.”

Oloyede also said the Board, at the moment, examines nine foreign centres namely: Abidjan, Ivory Coast; Addis Ababa, Ethiopia; Buea, Cameroon; Cotonou, Republic of Benin; London, United Kingdom; Jeddah, Saudi Arabia; and Johannesburg, South Africa.

The essence of this foreign component of the examination is to market our institutions to the outside world as well as ensure that our universities reflect the universality of academic traditions, among others. The Board is, currently, fine-tuning arrangements for the conduct of the 2024 UTME in these foreign centres.”

Details later…

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BREAKING: JAMB Releases 2024 UTME Results 

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The Joint Admissions and Matriculation Board, JAMB, has released the 2024 Unified Tertiary Matriculation Examination results.

Over 1.94 million candidates registered and sat the examination in 118 towns and over 700 centres across the country.

The Registrar of JAMB, Prof. Ishaq Oloyede announced the release of the UTME results at a press conference held at the board’s headquarters, Bwari, in Abuja on Monday.

The examination which began on Friday, 19th April ended on Monday, 29th April 2024.

The board earlier explained that it chose to delay the release of the UTME results by some days because it needed some time to scrutinize the results to ensure credibility and integrity of the results, ensuring that there are no questions or any form of unclarity concerning the results particularly as regards the issue of impersonation, mixed biometrics, and other forms of malpractices.

Details later…

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