National Assembly Passes Student Loan Bill, Proposes Jail For Defaulters.

The National Assembly, on 20th March, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024. This occurs subsequent to distinct deliberations conducted by the Senate and the House of Representatives regarding the Committee on Tertiary Institutions report and TETFund. In a letter to the Senate, President Bola Tinubu requested the repeal of the current law and introduced a new bill for enactment. This appeal was made one day following the declaration of a provisional halt to the implementation of the student loan program, which had been designed to grant tertiary institution students interest-free loans for […]