Breaking: Disbursement Of Loan To Nigerian Students To Commence This Academic Year

The Permanent Secretary, Ministry of Education, David Adejo says arrangements has been finalized for the commencement of the students loan disbursement.

Adejo who appeared during a public hearing by the House of Representatives ad hoc committee on student loans in Abuja on Tuesday, said that modalities had been put in place for the take-off of the student loans scheme in the 2023/2024 academic calendar.

Adejo said that President Bola Tinubu had given a directive that all necessary works must be completed on the modalities for the take-off of the scheme to enable its take-off in September.

The chairman of the committee, Teseer Ugbor said the student loan was part of the palliatives by the federal government to alleviate the suffering of Nigerians and to ensure access to higher education by interested Nigerians.

He, however, expressed concern over the disbursement process, the recovery of the funds from beneficiaries as well as the possibility of some students not being able to access the loan.

He call for dialogue in the process of trying to amend the law to ensure that all Nigerian students interested in the loan benefitted from it.