Student loan: FG affirms January commencement

The Minister of State for Education, Dr. Yusuf Tanko Sununu, has confirmed that the Student Loan Scheme, which President Bola Tinubu authorised in June, will start in January 2024.

On Thursday morning, Sununu reiterated the Federal Government’s promise during an appearance on Arise TV.

The Federal Government has allocated N50 billion to implement its student loan programme in 2024. This was mentioned in the 2024 budget appropriations data.

Read Also: FG plans to launch the student loan scheme in January 2024

“We are on track,” Sununu said in answer to inquiries regarding the student loan programme, which is scheduled to start in January 2024. Every day, the committee is at work. The entire event will take place virtually, without the need for physical access. A website that facilitates effortless access is now under development.

Obasanjo News24 notes that at the 29th National Economic Summit in November, President Tinubu emphasised the viability of the student loan scheme as a means of funding postsecondary education and expanding public access to higher education.