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Student Loan: FG announced commencement date

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President Bola Tinubu has assured that the era of industrial actions in the nation’s academic environment has come to an end as the administration’s Students Loans Scheme commences January next year.

President Tinubu made it known with assurance on Monday while speaking at the 29th edition of the annual Nigerian Economic Summit, anchored by the Nigerian Economic Summit Group (NESG), at the Transcorp Hilton, Abuja.

President Tinubu spoke extensively on the plan his administration 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.

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He said: “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”, he said.

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