By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Senate Passes Student Loan Act 2024
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Top stories

Senate Passes Student Loan Act 2024

Adamu Abubakar
By Adamu Abubakar
Published: March 20, 2024
Share
2 Min Read
SHARE

The Senate has passed the Student Loans Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, following the consideration of a report from the Committee on Tertiary Institutions and Tertiary Education Trust Fund (TETFUND).

The bill aims to enhance the implementation of the Higher Education Student Loan Scheme by addressing various challenges related to the management structure of the Nigerian Education Loan Fund (NELF), applicant eligibility requirements, loan purpose, funding sources, and disbursement and repayment procedures.

The passage of the bill comes after President Bola Tinubu’s request to repeal the existing Student Loan (Access to Higher Education) Bill and enact a new one.

This action follows the temporary suspension of the commencement of the student loan system, which was designed to allow Nigerian students in tertiary institutions to access low-interest loans to complete their studies.

- Advertisement -

Additionally, the Senate debated a motion sponsored by Sen. Adebule Oluranti, representing Lagos West, compelling the need to address the challenge of out-of-school children in Nigeria. Sen. Oluranti highlighted the importance of reducing the current number of out-of-school children, estimated at 20 million according to UNESCO statistics.

During the debate, lawmakers like Sen. Oshiomhole emphasized the need to publish the percentage of out-of-school children in each state to hold defaulting state governments accountable. In its resolution, the Senate called for the establishment of mobile courts by the judiciary in all 36 states to enforce the Universal Basic Education (UBE) Act.

Additionally, the Senate mandated its committee on education to engage with the Ministry of Education to reduce the number of out-of-school children and set a two-year time limit for the implementation of the UBE Act.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Student Loan Act 2024The Senate of Nigeria
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Court Dismisses Suit Seeking to Stop Elections and Exams on Saturdays
Next Article Release Nnamdi Kanu For South-East’s Sake, Catholic Bishops Urge Tinubu

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 5 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?