President Bola Ahmed Tinubu has directed the removal of all restrictive conditions previously posed to beneficiaries of the administration’s student loan offers. The loans, recently passed into law by the president, will now be available to any household or individual that may desire financial support.
The new directive was announced in a statement by presidential spokesman, Dele Alake, earlier today. He said, “In line with his promise to ensure no Nigerian student abandons his or her educational pursuits as a result of lack of money and economic circumstances of their parents, President Tinubu has also approved the removal of all restrictions on the students’ loan to make it available to any student or household that may desire it.”
The President has equally directed the halt of “arbitrary increase in sundry fees payable and where possible defer further increase so that parents and students don’t face too many difficulties.”
To ease transportation challenges arising from the termination of the corrupt fuel subsidy regime, the president has also made available buses in all the tertiary institutions across the country to convey students to and fro campuses at no cost.
This is in addition to the release of “over 200,000 Metric Tonnes of grains to families in 36 states and Federal Capital Territory, Abuja.”
The government is also working to ensure that vulnerable students can also benefit from conditional cash transfers and food distribution, the statement said.