Historic Moment as President Tinubu Signs Landmark Student Loans Bill into Law

President Bola Tinubu has made good on one of his electoral promises by signing the Students Loan Bill into law. The announcement was delivered by Mr. Dele Alake, a member of the Presidential Strategic Team, during a press briefing in Abuja. Accompanying Alake were Tunde Rahman, Abdulaziz Abdulaziz, and David Adejoh, the Permanent Secretary of the Ministry of Education.

Addressing the reporters, Alake expressed the team's joy in sharing the news, highlighting the significance of the Student Loans Bill. He reaffirmed that the law's enactment was a direct fulfillment of President Tinubu's pledge made during his presidential campaign. Alake emphasized that the primary objective of the law is to assist financially disadvantaged students in their pursuit of education within the country.

When questioned about the potential inflation of school fees resulting from the new law, Alake dismissed any connection between the two issues. He clarified that the law's intention is solely to provide aid to indigent students and emphasized that the model of student loans is widely practiced and successful in developed countries worldwide.

In conclusion, Alake expressed the team's satisfaction with President Tinubu's fulfillment of his promise and the positive impact it will have on the educational opportunities available to students in need.