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The Federal Government of Nigeria will on Thursday launch its much anticipated Student Loan Scheme.
Ajuri Ngelale, Tinubu’s Special Adviser on Media and Publicity, made this disclosure on Sunday while appearing on TVC’s programme ‘Counting the Cost of Presidents Tinubu’s Reforms.’
According to Ngelale, “Later this week, on Thursday, the President will launch the historic National Student Loan Programme.
“This is a major form of obligation reduction for Nigerians and families and young people at a time when Nigerians are feeling the pinch. We believe this is the way to go.”
It would be recalled that On June 12, 2023, Tinubu signed the Access to Higher Education Act, 2023, into law.
The bill is aimed at enabling students to access interest-free loans for educational purposes.
The Federal Government had delayed in starting the scheme that was initially scheduled to commence between September and October 2023,
After receiving the loans as students, individuals would be expected to pay back two years after observing the mandatory, National Youth Service Corp. (NYSC)