President Bola Tinubu has declared that the student loan scheme will commence in January 2024.
Tinubu made the declaration at the 29th Nigerian Economic Summit organised by the Nigerian Economic Summit Group (NESG) in Abuja on Monday, October 23, 2023.
The president said the student loan scheme will put an end to industrial action in tertiary institutions across Nigeria.
He said: “By January 2024, the new students loan programme must commence. To the future of our children and students we’re saying no more strikes.
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“There must be consumer credit, the scheme will have to come into effect as soon as possible.
“I thank my team and my colleagues for building this programme, develop it now.
“We cannot talk about anti-corruption when you have to look for cash to buy a car when there’s no mortgage for homeownership.”
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