President Bola Tinubu has officially signed the Student Loan Bill into law, according to a statement by his aide, Dele Alake, to State House Correspondents on Monday evening.
This newly enacted bill aims to provide Nigerian students with access to loans at interest-free rates, thereby facilitating their pursuit of higher education.
As previously reported, the Students Loan Bill proposed penalties for defaulting students, including a two-year prison term, a fine of N500,000, or both.
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