11 Things You Need To Know About the Student Loan Law in Nigeria

President Bola Tinubu on June 12th signed into law, the Access To Higher Education Bill, popularly called the Student Loan Bill. The Bill was sponsored by Speaker of the House of Representatives and Chief of Staff to the President-designate, Femi Gbajabiamila, and it was passed by the Legislative in May 2023.

The purpose of the Bill is contained in its title: “A Bill for an Act to provide for easy access to higher education for Nigerians through an interest-free loan from the Nigerian Education Bank established in this Act to provide education for Nigerians and other purposes connected thereto.”