Babatunji Wusu –
Nigerians have applauded President Bola Tinubu for taking the effort to draft the Students Loan Bill, which is a major step toward making higher education more accessible to underprivileged students.
The public has been eagerly awaiting this measure, which should ease the financial load on students who choose to pursue higher education.
The Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, was passed by the Nigerian Senate on Wednesday. The Senate Committee on Tertiary Institutions and TETFUND was instrumental in the bill’s passage.
During a plenary session on March 20, Senator Muntari Dandutse, the committee chairman, delivered the report that resulted in the bill’s passage.
The Senate referred the bill to the Committee of the Whole for urgent consideration, suspending some standing rule provisions in an effort to speed up the legislative process.
Although the Student Loans Bill has received broad support, Tribune Online has noted that the bill lists five groups of people who will not be qualified for student loans.
Below is the list of persons who are not eligible for the loan:
1. Applicant who has been proven to have defaulted in respect of any previous loan granted by any organisation.
2. Applicant found guilty of exam malpractice by any school authority.
3. Applicant with a criminal record of felony or any offense involving dishonesty or fraud.
4. Anyone who has been convicted of drug offenses.
5. Applicants whose parents (father or mother) have defaulted in respect of student loan or any loan granted to him or her.