06

Mar

President Tinubu Set To Launch Students Loan Scheme, Application App Ready.

In accordance with his campaign pledge, President Bola Tinubu is scheduled to inaugurate the Students Loan Scheme this week, barring any unforeseen circumstances. The government-engaged IT specialists have concluded testing on the student loan application, which is now operational. It is worth noting that the Access to Higher Education Act, 2023, was ratified by President Tinubu on June 12, 2023. This legislation grants interest-free financing to economically disadvantaged students who wish to pursue higher education at any Nigerian tertiary institution. The action was taken to “fulfill one of his campaign promises to liberalize education funding,” according to a member of […]

16

Aug

Student Loan: House Panel Proposes 3% Increase  

The Ad-hoc Committee on Student Loan Fund and Access to Higher Education in Nigeria of the House of Representatives proposes an increase of 3% for the recently announced 1% increase in student loans by President Bola Ahmed Tinubu. The panel held this view during a public hearing held at the National Assembly to assess the level of progress made thus far by a presidential committee tasked with removing all legal obstacles impeding Nigerian students’ access to the loan. The Chairman of the Ad-hoc Committee, the Honorable Terseer Ugboh, has proposed an increase from one percent to three percent of the[…]

31

May

N200 Billion Social Housing Facility Ready For Disbursement At A Rate Of 5% Per Year – FG

The Presidency has declared that the N200 billion facility set aside for the Federal Government Social Housing Scheme is available for disbursement, allowing the project to get underway. This follows the signing of an agreement with the Central Bank of Nigeria (CBN) and a guarantee from the Federal Ministry of Finance for the project, which is intended to produce 1.8 million employment and provide housing to 1.5 million Nigerian families at a rate of 5% each year. The information was revealed in a statement released by Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity,[…]