Students Loan Scheme to take off January 2024 - Tinubu

---

By Iheanyi Chukwudi

President Bola Ahmed Tinubu on Monday assured Nigerians that the era of industrial actions in the nation's academic environment has come to an end.

Tinubu who announced that his administration's Students Loan Scheme will commence in January next year, stated that

fighting corruption requires efficient credit scheme.

The President it could recalled, signed the Students Loan (Access to Higher) Bill into law on June 12, 2023, to enable Nigerian students to access loans at interest-free rates. ⁣⁣

Speaking at the 29th edition of the Annual Nigerian Economic Summit, anchored by the Nigerian Economic Summit Group (NESG), at the Transcorp Hilton, Abuja, on Monday, Tinubu who spoke extensively on his administration's plans to stabilise the economy, with the collaboration of all stakeholders, especially the private sector, also noted the need to immediately initiate a sustainable credit scheme, which he said will aid an effective anti-corruption campaign.

He stressed the importance of starting a sustainable credit programme right away since it will support a successful anti-corruption effort.

According to him, "By January 2024, the new Students Loan Programme must commence. To the future of our children and students we’re saying no more strikes."

"There must be consumer credit, scheme will have to come to effect as soon as possible. I thank my team and my colleagues to build this programme, develop it now. We cannot talk about anti-corruption when you have to look for cash to buy a car, when there’s no mortgage for homeownership."