Tinubu writes reps, seeks repeal, re-enactment of Student Loan Bill 2024

President Bola Tinubu has written the House of Representatives for a repeal and re-enactment of the Student Loan Bill.

The President sent a letter to the lawmakers that contained this, which Speaker Tajudeen Abbas read on Thursday during plenary.

The letter reads: “Pursuant to Section 58(2) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), I forward, herewith, the Student Loan (Access to Higher Education) (Repeal and Re-Enactment) Bill, 2024, for the kind consideration of the House of Representatives.

“The Student Loan (Access to Higher Education) (Repeal and Re-enactment) Bill, 2024, seeks to enhance the implementation of the Higher Education Student Loan Scheme by addressing challenges related to the management structure of the Nigerian Education Loan Fund (NELF), applicant eligibility requirements, loan purpose, funding sources, disbursement, and repayment procedures.

“Whilst hoping that this submission will receive the usual expeditious consideration of the House of Representatives, please accept, Rt. Honourable Speaker, the assurances of my highest consideration.”

Details shortly…