Sunrise News
Advertisement
Wednesday, July 2, 2025
  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News
No Result
View All Result
  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News
No Result
View All Result
Sunrise News
No Result
View All Result
Home Education

Student loan disbursement begins in September – FG

Sunrise by Sunrise
June 15, 2023
in Education
0
Student loan disbursement begins in September – FG
0
SHARES
92
VIEWS
Share on FacebookShare on Twitter

The Federal Government, on Wednesday, announced that an inter-ministerial committee had been set up to fine-tune the Student Loan bill that was signed recently by President Bola Tinubu.

The committee, which will meet on Tuesday, is expected to work together and ensure that the disbursement of the student loans starts by September 2023 for the 2023/2024 academic session.

Also Read
Real Madrid’s midfielder to miss derby due to appendix surgery

The Permanent Secretary, Federal Ministry of Education, Andrew Adejo, who disclosed these to journalists at a press conference in Abuja, said higher institutions cannot introduce tuition fees because of the introduction of the loan scheme.

According to him, the institutions are not autonomous.

Committee meets

“The President has approved the constitution of an inter-ministerial committee on student loans made up of the necessary ministries and agencies. The inaugural meeting will come up on Tuesday, June 20, 2023. The President has also directed that by September/October 2023/2024 academic session, he wants to see recipients of the loan. So it’s a serious business.

Also Read
No plan to regulate social media, says NCC

Between now and then, we have to fine-tune the processes. The loan purpose is for the beneficiary to finish an education programme. The recovery doesn’t start until you get employed. The committee has been given specific terms of reference.

Without trying to say what the committee will do, we don’t want to make it something that only people who want to go to public schools will benefit from. Anybody that is indigent can benefit. Private schools already pay tuition so you have to give somebody who wants to go to a private school the opportunity to get the loan and pay tuition,” Adejo stated.

Also Read
Why Lil Kesh didn’t upload Gasky’s video on Instagram –Manager

Reacting to reports on the introduction of tuition fees, the permanent secretary noted that Federal Government-owned universities lacked the financial autonomy to introduce tuition fees at the moment.

“Government alone cannot foot the bill for education and that is why we are doing public-private partnerships. Universities are autonomous but what they don’t have yet is financial autonomy. When they get that, they will be able to answer the questions on the introduction of tuition,” he stated.

Also Read
Bisi Olatilo, other express shock over death of Ras Kimono’s wife

Meanwhile, a committee made up of representatives of the Academic Staff Union of Universities, Nigeria Labour Congress, Nigerian Bar Association, Vice Chancellors Forum of Nigerian Universities, rectors of polytechnics, provosts of colleges of education, Ministries of Education, Finance, among others, will be part of the board of the Student Loan Fund.

Share this:

  • Click to share on X (Opens in new window)X
  • Click to share on Facebook (Opens in new window)Facebook
Previous Post

AFCON 2023 qualifiers: 8 countries qualify for tournament [Full list]

Next Post

Remembering Senator Bayo Osinowo

Sunrise

Sunrise

Related Posts

FOR THE RECORDS: The Importance of Literacy in Building a Vibrant Society
Education

FOR THE RECORDS: The Importance of Literacy in Building a Vibrant Society

June 21, 2025
Airtel helps rescued Women reconnect with family
Education

Airtel Nigeria celebrates Children’s Day with nationwide classroom takeover

May 29, 2025
Oloyede
Education

2025 UTME error: I wanted to resign – JAMB Registrar, Oloyede

May 22, 2025
Next Post
Remembering Senator Bayo Osinowo

Remembering Senator Bayo Osinowo

PlusWorldPlusWorldPlusWorld

You might have missed this

  • Experts List Seven Benefits Of Breast Sucking To Women

    Experts List Seven Benefits Of Breast Sucking To Women

    0 shares
    Share 0 Tweet 0
  • Nigerian Staff of popular Chinese phone company threaten strike, accuse bosses of maltreatment

    0 shares
    Share 0 Tweet 0
  • NRC signs MOU with 4 Polytechnic, varsity on railway engineering training

    0 shares
    Share 0 Tweet 0
  • Food Safety: NAFDAC, Ministry of Health partners NGO…gives five safer food keys

    0 shares
    Share 0 Tweet 0
  • Qudriyyah Movement of Lagos Celebrates Governor Sanwo-Olu at 60, Offers Prayers for Continued Wisdom and Prosperity

    0 shares
    Share 0 Tweet 0
  • Full list of chairmen/vice chairmen for 20 local governments and 37 LCDAs in Lagos State

    0 shares
    Share 0 Tweet 0
  • TCAN to hold 2025 Transportation Summit in Lagos

    0 shares
    Share 0 Tweet 0
  • Beneficiaries of past misgovernance desperate to malign Tinubu led gov’t will fail—Dr. Adefuye

    0 shares
    Share 0 Tweet 0
  • Salome Adaidu: Court sentences gospel singer Timileyin to death by hanging

    0 shares
    Share 0 Tweet 0
  • Rivers crisis: Tinubu meets Wike, Fubara, lawmakers

    0 shares
    Share 0 Tweet 0

Recent News

Atiku, David Mark, Secondus, others dump PDP, adopt coalition to unseat Tinubu

BREAKING: Coalition: Atiku, Obi, El-Rufai, others arrive Yar’Dua Centre for ADC unveiling

July 2, 2025
Eno

I’ll serve all regardless of political affiliation – Gov Eno

July 2, 2025

2027: I’m still Labour Party member, not in any coalition — Abia Gov, Otti

July 2, 2025
ADC unveiling: Coalition announces new venue hours after hotel cancelled booking

ADC unveiling: Coalition announces new venue hours after hotel cancelled booking

July 2, 2025
Sunrise News

© 2025 Sunrise NG

Navigate Site

  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News

Follow Us

No Result
View All Result
  • Breaking News
  • Business
  • Entertainment
  • Columnist
  • Featured
  • Health
  • Politics
  • Sports
  • Trending News
  • World News
  • Yoruba News
  • More

© 2025 Sunrise NG

WhatsApp Sunrise News