President Tinubu Appeals To Youths To Benefit From N45.6b Educational Loan Scheme

President Tinubu Appeals To Youths To Benefit From N45.6b Educational Loan Scheme

President Bola Tinubu has called on Nigerian youths to take advantage of the student loan scheme launched by his administration. In a national broadcast on Sunday addressing the ongoing nationwide protests, the President highlighted the administration’s commitment to youth empowerment through this initiative………. CONTINUE READING 

“To date, N45.6 billion has been processed for payment to students and their institutions. I urge more of our dynamic youth to seize this opportunity,” said President Tinubu.

On July 17, when the scheme was inaugurated, the President described it as a tool in the fight against poverty, aligning with his administration’s commitment to inclusiveness and assured continued funding to sustain the program.

“Democracy is about inclusiveness. Our goal is to build a society grounded in successful inclusiveness,” he remarked. He emphasized that education is a powerful weapon against poverty and crucial for national vision, development, and addressing issues like insecurity, terrorism, and banditry.

The President also announced that cheques had been presented to students from each of Nigeria’s six geopolitical zones. Currently, N32 billion is available to launch the program. Since the application portal opened on May 25, 164,000 students have registered, with 103,000 applying for loans.

The Student Loans (Access to Higher Education) Act, which became law on April 3, 2024, aims to empower Nigerian youths by providing transparent and equitable funding, thereby eliminating financial barriers to higher education.

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