The Nigerian government has officially declared a new date for the begining of the Access to Students Loan Act, which was recently signed into law by President Bola Tinubu in June 2023.
Many Nigerians are concerned that the legislation may pave the way for the establishment of tuition fees in the country’s postsecondary institutions.
Despite earlier plans to begin implementation in September, the timeframe was not met. However, President Bola Tinubu revealed on Monday at the 29th National Economic Summit that the student loan scheme will now begin in January 2024.
Tinubu said the loan programme “must commence” in January 2024. The announcement comes in the midst of ongoing debates and concerns surrounding the law.
Further details regarding the program’s structure and execution are anticipated as the implementation date approaches.
