- Senate approves Student Loan Act (Repeal & Re-Enactment) Bill, 2024.
- Committee report presented during plenary; Tinubu sends Bill to National Assembly.
- Bill aims for interest-free loans, referred for further work.
EKO HOT BLOG reports that the Senate on Wednesday, March 20, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024.
The resolution of the Senate followed its consideration of the report of the Senate Committee on Tertiary Institutions and TETFUND that considered the Bill.
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The chairman of the committee, Senator Muntari Dandutse (APC – Katsina South) presented the report during plenary.
Read Also: Tinubu writes House, seeks repeal, re-enactment of Student Loan Bill
President Bola Tinubu had last week transmitted the Bill to the National Assembly for its consideration and passage.
The Senate had given the Bill accelerated hearing by suspending relevant sections of its standing rules and referred the Bill to the Committee of the Whole for consideration.
After debate on the Bill, Senate President Godswill Akpabio referred the Bill to the Senate Committee on Tertiary Institutions and TETFUND for further legislative work and to report back in one week.
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The Bill seeks to provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund established in the Act to provide education for all Nigerians.
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