Tinubu Signs National Students Loan Amendment Bill into Law

President Bola Tinubu marked a significant milestone on Wednesday as he officially signed the National Students Loan Amendment bill into law during a brief ceremony held at the State House.

The event witnessed the presence of esteemed dignitaries including Senate President Godswill Akpabio, Deputy President of the Senate Barau Jibrin, Chief of Staff to the President Femi Gbajabiamila, Ministers Hannatu Musawa and Ayodele Olawande, as well as the president of the National Association of Nigerian Students, alongside other government officials and presidential aides.

The bill, initially endorsed by Tinubu in June 2023, aims to provide crucial financial assistance to Nigerian students pursuing tertiary education. Despite its previous signing, the implementation of the bill encountered delays attributed to various challenges hindering its rollout.

In his remarks following the signing, President Tinubu expressed gratitude to the National Assembly for their swift handling of the bill, emphasising the pivotal role of education in combating poverty.

He stated, “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.”

Tinubu reiterated the government’s commitment to prioritising education and fostering skills development programmes to ensure equitable access to quality education for all Nigerian citizens, regardless of their socio-economic backgrounds.

He underscored the importance of eliminating barriers to education, stating, “We are determined to ensure that education is given the proper attention necessary for the country including skills development programmes. 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.”

Highlighting the significance of the bill, Tinubu emphasised the transformative impact it will have on addressing the issue of college dropout rates among Nigerian students.

He affirmed, “We are here because we are all educated and were helped. In the past, we have seen a lot of our children drop out of college and give 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.”