Nigerian students will soon have access to loans as lawmakers pass a bill

A bill to allow Nigerian students access loans It has been approved by both houses of the Nigerian Parliament.

The bill, sponsored by the leader of the House of Representatives, Femi Gbajabiamila, called for the Pupil La bill, will allow students to access interest-free loans.

This was announced in a statement from the Office of the Spokesperson on Thursday.

They revealed that the bill will allow Nigerian students to access financial assistance as the two houses moved forward on the bill.

The invoice: House leader’s office, Rep. Femi Gbajabiamila, said the bill was titled “A Bill to Provide Easy Access to Higher Education for Nigerians through Interest-Free Loans from the Education Bank of Nigeria “.

The news continues after this announcement.

The House had passed the bill earlier and forwarded it to the Senate for approval. The Senate, in turn, approved the bill on November 22.

They added the concurrence of the Senate to the bill; a clean copy would be produced and passed on to President Muhammadu Buhari for approval. Once it becomes law, Nigerian students will start accessing the loans.

The news continues after this announcement.

The bill seeks the establishment of the Nigerian Education Bank, which will have powers to supervise, coordinate, manage and monitor the management of student loans in nigeria.

They also noted that students can receive student loan applications through higher institutions in Nigeria on behalf of the applicants.

Applicants would be screened to ensure that all requirements for granting the loan under the Act are met.

“The bank will also have the authority to approve and disburse the loan to qualified applicants; control, monitor and coordinate the student loan.

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