President Bola Tinubu on Monday affirmed that the student loan scheme he approved on June 12, 2023, will kick off in January 2024. He also promised that episodes of industrial action by academic staff unions of tertiary institutions would become a thing of the past. “By January 2024, the new student loan programme must commence. He reasoned that such a scheme would aid an effective anti-corruption campaign“There must be consumer credit; the scheme will have to come into effect as soon as possible. Meanwhile, the Minister of Education, Dr Tahir Mamman, said the student loan would be administered by the Central Bank of Nigeria through the loan board.

Source: Punch October 24, 2023 13:00 UTC