The Senate approved the Student Loan, Access to Higher Education Act 2024 after reviewing the report from the senate committee on tertiary institutions and TETFUND, presented by Senator Muntari Danduste during plenary. President Bola Tinubu had sent the Bill to the National Assembly last week for deliberation and passage.
The upper Legislative chamber expedited the process by suspending relevant sections of its standing rules and referred the Bill to the committee of the Whole for consideration.
Following the debate on the Bill, Senate President Godswill Akpabio directed it to the Senate Committee on Tertiary review. The committee is tasked with reporting back within one week. The Bill aims to facilitate affordable access to higher education for disadvantaged Nigerians by offering interest-free loans through the Nigerian Education Loan Fund, as outlined in the Act. The Senate’s decision was influenced by its examination of the report from influenced by its examination of the report from the senate committee on tertiary institutions and TETFUND, presented by Chairman Senator Muntari Dandutse during the plenary session.
President Bola Tinubu forwarded the Bill to the National Assembly for review and approval last week. The Upper Legislative chamber expedited the process by suspending relevant sections of its standing rules and sent the Bill to the Committee of the Whole for evaluation. Following discussions on the Bill, Senate President Godswill Akpabio assigned it to the Senate Committee on Tertiary institutions and TETFUND for further legislative scrutiny and instructed them to report back within a week. The objective of the Bill is to facilitate accessible higher education for underprevileged Nigerians through interest-free loans from Nigerian Education Loan Fund, as established in the Act aiming to provide education for all Nigerians.