Students loan scheme to commence Jan. 2024 — Tinubu

President Bola Tinubu announced at the 29th edition of the Nigerian Economic Summit that the government’s Students Loans Scheme will begin in January next year.

He assured that this initiative will put an end to industrial actions in the country’s academic sector. The event was organised by the Nigerian Economic Summit Group (NESG) and took place at the Transcorp Hilton in Abuja.

Tinubu, who spoke extensively on his administration’s plans to stabilise the economy, with the collaboration of all stakeholders, especially the private sector, also noted the need to immediately initiate a sustainable credit scheme, which he said will aid an effective anti-corruption campaign.

He said, “By January 2024, the new Students Loan Programme must commence. To the future of our children and students we are saying no more strikes.

“There must be consumer credit, the scheme will have to come to effect as soon as possible. I thank my team and my colleagues for building this programme, develop it now. We cannot talk about anti-corruption when you have to look for cash to buy a car, when there’s no mortgage for homeownership,” he said.