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UPDATED: Tinubu Signs Student Loan Bill Into Law

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.
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“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.
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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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VIDEO: Why I’ve Never Tried Convincing My Christian Wife To Convert To Islam — Tinubu
President Bola Ahmed Tinubu has explained why he has never attempted to convince his wife, First Lady Oluremi Tinubu, to convert to Islam, stressing his belief in love, religious freedom, and mutual respect among people of different faiths.
Speaking on Saturday at the funeral service of Nana Lydia Yilwatda, mother of the National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwada, Tinubu said his marriage to a Christian pastor has never created any conflict in their home.
The president, who arrived in Jos, Plateau State around 2 p.m. for the ceremony at the COCIN headquarters church, said he inherited Islam from his family and has always upheld the principle of freedom of religion.
READ ALSO:Benin Monarch To Tinubu’s Daughter: Do You Know Role Of Iyeki In Benin Culture?
He noted that both he and the First Lady serve the same God and would ultimately be answerable to Him, adding that what matters most are people’s deeds, character, and love for others.
Tinubu urged Nigerians to embrace tolerance and peaceful coexistence, emphasising that hate should never have a place in the country.
He also prayed for the repose of the soul of the late Lydia Yilwada and asked God to grant comfort and blessings to those she left behind.
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He said, “Hate is not an option for us. Love is what you preach, that we should love one another.
“Nobody, nobody determines what God has ordained. God’s ordained action and his promises are what matter. I inherited Islam from my family. I didn’t change. But my wife is a pastor. She prays for me.
“No conflict. And I never did at any single time try to convince her or convert her. I believe in the freedom of religion.
“We are praying to the same God. We are answerable to the same almighty God. We will answer to him. We will account to him. Our deeds, our character, our love for our fellow beings are what are important.
“May the almighty accept the soul of Lydia and give all that she left behind blessings and glory, so we say, may her soul rest in peace.”
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UK Police Quiz Six After Fatal Synagogue Attack
Six people arrested on suspicion of “terrorism”-linked offences after a fatal car-ramming and knife attack on a UK synagogue remained in police custody on Saturday, as Prime Minister Keir Starmer urged people not to take part in pro-Palestinian protests.
Two people were killed and three others seriously wounded in Thursday’s attack in northwestern Manchester on Yom Kippur, the holiest day of the Jewish calendar.
Police shot dead the assailant, Jihad Al-Shamie, a 35-year-old UK citizen of Syrian descent, within minutes of the alarm being raised.
Three men and three women are in custody.
The attack has heightened fear among Britain’s Jewish community.
Police said they were patrolling places of worship across the city “with a particular focus on providing a high-visibility presence within our Jewish communities”.
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The attack on Heaton Park Hebrew Congregation Synagogue in north Manchester was one of the worst antisemitic incidents in Europe since the October 7, 2023, attack in Israel led by Palestinian Islamist group Hamas.
The Hamas attack resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally of Israeli official figures.
Israel’s retaliatory offensive on the Gaza Strip has killed at least 66,288 Palestinians, also mostly civilians, according to health ministry figures in the occupied territory that the United Nations considers reliable.
The Gaza conflict has inflamed passions in Britain, with frequent pro-Palestinian rallies in cities that some critics allege have stoked antisemitism.
A “global movement for Gaza UK” protest went ahead in London late on Thursday, with police making 40 arrests.
London’s Metropolitan Police asked organisers delay another planned demonstration backing the banned Palestine Action group later on Saturday.
However, organisers Defend Our Juries rejected the calls.
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A spokesman said the group “stood in solidarity” with the Jewish community over the attack.
– Accidental shooting –
Starmer urged protesters not to join the pro-Palestinian rally.
“I urge anyone thinking about protesting this weekend to recognise and respect the grief of British Jews. This is a moment of mourning. It is not a time to stoke tension and cause further pain,” he said on X.
During the attack, Shamie was seen “with a big knife, banging his knife into the glass, trying to get through”, synagogue chairman of trustees Alan Levy, who helped barricade the doors, told ITV News.
“The heroes of the congregation who saw what was happening then came to the doors because he was trying to break the doors down to get in,” he added.
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A UK police watchdog, meanwhile, said it would look at the police shooting of Shamie.
The probe would also look at the shooting of a second victim who suffered a fatal gunshot and a third person who was shot but survived.
The Independent Office for Police Conduct (IOPC) said there was no evidence anyone other than police used firearms at the scene.
“Our independent investigation will look at the circumstances surrounding the fatal police shooting of Jihad Al-Shamie,” it said in a statement.
“A post mortem has today (Friday) concluded another man who died at the scene suffered a fatal gunshot wound.”
IOPC investigations are standard practice in situations where the use of force by police may have resulted in the death of a member of the public.
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Edo Inaugurates Committee On Drug Abuse, Healthy Living
Edo State Government has inaugurated Drug Control Committee for the state and local governments, aimed at curbing the menace of drug abuse in the state.
Inaugurating the committee, Governor Monday Okpehbolo said the committee was not only saddled with the responsibility of curbing the menace of illicit substances, but to promote healthier living across communities in the state.
Represented by his deputy, Hon. Dennis Idahosa, Okpebholo described the initiative as “a vital step in our unwavering commitment to stopping the menace of drug trafficking and substance use among youths.”
The governor, who bemoaned the rising tide of drug dependency and its impact on society, pointed out that the committee’s creation aligns with the national drug master plan and represents a bold stride toward protecting Edo future generations.
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On his part, Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Buba Marwa, represented by ACGN, Fidelis Cocodia, Zonal Commander, Zone 13, emphasised grassroots interventions, awareness campaigns, and support systems as the backbone of the fight against drug abuse.
Edo State commander of the NDLEA, Mitchell Ofoyeju disclosed that while national drug use prevalence stands at 14.4 percent, Edo state surpasses the average at 15 percent.
He noted that the state is one of the hardest-hit states in the country, warning that the trend has fueled crime and heightened youth vulnerability.
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The state’s Commissioner for Health, Dr. Cyril Oshiomhole pledged to make Edo a model in drug control through rehabilitation, youth enlightenment, and second-chance opportunities for recovering addicts.
Coordinator, Office of the First Lady, Edo State, Mrs. Edesili Okpebholo Anani, described drug abuse as a pandemic, noting that “you hardly see a crime without drugs being involved.”
She added that women’s empathy and influence must be harnessed in the campaign against drug abuse.
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