Senate on Wednesday passed the Student Loans Bill 2024.
The passage of the Bill followed senate consideration of the report of the Senate Committee on Tertiary Institutions and TETFUND.
The chairman of the committee, Senator Muntari Dandutse, APC Katsina South, presented the report during plenary.
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.
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.
Daily Intel recalls that the scheme was to commence last week but was suspended to allow the Tinubu administration to further fine-tune its Act
