President Bola Ahmed Tinubu (GCFR) a few minutes ago signed into law, The Student Loan Bill, which provides for interest-free loans to indigent Nigerian students.

Recall that Tinubu, during his campaign, had promised to give student loans as part of efforts to develop the education sector and also build the youth capacity.
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Tinubu made the promise at the British Royal Institute in London.

[b]“Youths are the greatest asset of tomorrow,” Tinubu said in Chatham House while fielding ques[/b]tions from participants at the event.

He that they will be part of his “all-inclusive” government, pointing to the Lagos State Governor Babajide Sanwo-Olu.

[b]“The education system is to change. We would overhaul it and tinker with some areas with the philosophy that no one would be left behind. There will be student loans for all. We are going to reform the Almajiri system, We are equally going to build more schools, recruit more teachers and train them,” the former Lagos state governor said.

To further help young people, he said if elected, his government would equally introduce technology hubs where youths can acquire digital skills to better develop their leadership skills.

“Youths can even develop technological languages on their own and make a better 21st-century approach to governance in Nigeria,” he said.

Monday’s event focussed on economic and foreign policies as well as national security among others.

ManWater:
Obviously, the success of this scheme will be predicated on the recipient students later graduating & becoming gainfully employed.

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

jahsharon:
Nigerian students ni oooo, not Biafran students.

Wait and see how we will implement it, then you will see what is called Marginalisation. Biafrans will get their own students loan from Peter Giringori Obituary. I don’t have to tell you that the head of the Agency will be an Omoluabi, you know that already

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

jahsharon:


We know you nah. People wey no repay Palm Pay 2,000 Naira

Mindlog:


Loan or no loan, the FG will continue to fix the highest cut off mark on SE and dem go still dey smash am, get admitted and graduate.

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

ImperialYoruba:


First, Legendhero, thanks for bringing this news to Nairaland. Very positive outlook.


Manwater, it is not scholarship.

Scholarship is govt assistance. A loan is self assistance through banks. However, govt will guarantee the deficits.

So say someone take loan and go to university and graduates, then start working. Bank can followup with their employer, govt or private sector, to begin deducting payback for the loan. It is interest free so whatever they took in loan isbwhat they pay.

Scholarship on the other hand does not ask for payback.

Got it?