Connect with us

News

National Assembly Passes Students Loan Bill

owners, Ports , Hyde, food , Education
Spread the love

Gloria Ikibah

Advertisement

Nigerian students in higher institutions of learning stand to gain more access to financial assistance as the two chambers of the National Assembly passed the Students Loan Bill sponsored by Speaker Femi Gbajabiamila.

The draft legislation has as its short title, the ‘Students Loan (Access to Higher Education) Bill, 2019,’ While its long title is ‘A Bill for an Act to provide for easy access to higher education for Nigerians through interest-free loans from the Nigerian Education Bank established in this Act with a view to providing education for all Nigerians and for other purposes connected thereto.’

Advertisement

The House had passed the bill earlier this year and forwarded it to the Senate for concurrence. The Red Chamber passed the Bill on Tuesday.

With the Senate’s concurrence on the Bill, a clean copy will be produced and transmitted to President Muhammadu Buhari for assent. Once it is signed into law, Nigerian students could begin accessing the loans.

Advertisement

The Bill seeks the establishment of the Nigerian Education Bank, which shall have powers to supervise, coordinate, administer, and monitor the management of student loans in Nigeria and receive applications for students loan through higher institutions in Nigeria on behalf of the applicants, screen the applications to ensure that all requirements for the grant of students’ loan under the Act are satisfied.

The bank shall also have the powers to approve and disburse the loan to qualified applicants; control and monitor and coordinate the students’ loan account/fund and ensure compliance in respect of disbursement; monitor academic records of grantees of the loan to obtain information on their year of graduation, national service, employment to ensure that grantees of the loan commence repayment of the loan as at when due, among other functions.

Advertisement

The Bill provides that notwithstanding anything to the contrary contained in other enactments, all students seeking higher education in any public institution of higher learning in Nigeria shall have an equal right to access the loan under this Act without any discrimination arising from gender, religion, tribe, position or disability of any kind.

“The loan referred to in this Act shall be granted to students only for the payment of Tuition fees. The grant of the loan to any student under this Act shall be subject to the students/applicant(s) satisfying the requirements and conditions set out under this Act.”

Advertisement

Gbajabiamila had argued in the Bill that the hardship being faced by the unemployed and low-income earners coupled with the very high cost of living in Nigeria over the years has made access to quality higher education difficult, stressful and in some cases impossible.

He also noted that a well-educated citizenry is critical to our National development and our Nation’s ability to compete in the Global Economy, arguing that higher education should be regarded as a public good benefiting the entire country rather than a commodity solely benefiting the individual recipients.

Advertisement

“In tandem with the Federal government’s interest and quest in ensuring access to higher education, the National Assembly has agreed to prescribe a legislation that will guarantee access to quality higher education by qualified Nigerians,” he said during the debate on the Bill.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

News

Photos/Video: LASU class of 2004, Anthony Campus re-union anniversary

Spread the love

 

Advertisement

The class of 2004, Public Administration of the Lagos State University (LASU) Anthony Campus re-union second anniversary get together on Saturday.

Old classmates had a lot share and had time to dance and celebrate old times.

Advertisement

See/watch video below:


Advertisement
Continue Reading

News

Finally, after terrorists attack, NRC to resume Abuja-Kaduna rail operations on Monday

Spread the love

Finally, the Nigeria Railway Corporation (NRC) will resume the Abuja-Kaduna passenger train service on Monday, with only two return services after the terrorists attack.

Advertisement

Naijablitznews.com reports this was contained in a statement issued and signed by the Managing Director of the NRC, Fidet Okhiria.

The statement shows the first train will depart Rigasa train station in Kaduna state to Abuja by 8:00 in the morning while from Abuja, the first train will depart Idu train station to Kaduna state by 9:45 in the morning.

Advertisement

The NRC management also revealed that as part of the new security measures, it is now mandatory for passengers to present their National Identity Number and valid Boarding Ticket before they will be allowed to board.

It also says the purchase of tickets by proxy is only limited to minors and a specified number of adult passengers.

Advertisement

Online and mobile app ticketing will be available from 8:00 in the morning on Sunday, December the 4th, 2022 while the ticket offices at the train stations will open from 6:30 in the morning on Monday, December the 5th.

Recall that the NRC suspended train service along the route after Boko Haram terrorists attacked a moving passenger train in Kaduna on March 28, 2022.

Advertisement

The insurgents had blown up the rail track and bombed the moving train, killing some and abducting more than 60 passengers. The unprecedented attack attracted international and national outrage.

The terrorists, who attacked the Kaduna-bound train released hostages in tranches with the last release coming on October 5, 2022.

Advertisement

Before the hostages were completely released, distraught family members had protested several times to demand the release of their loved ones.

Advertisement
Continue Reading

News

Peter Obi Attends Gospel Musical Concert ‘The Experience’ In Lagos+Photo

Peter Obi
Spread the love

The presidential candidate of the Labour Party, Peter Obi, on Friday, attended the annual gospel musical concert organised by House On The Rock church in Lagos.

Advertisement

Upon his introduction, Obi was welcomed with cheers from the crowd.

Advertisement
Continue Reading
Advertisement
Advertisement

Most Read Stories