News
Minister of State for Education Assures Swift Access to Loans Within 30 Days Through Online Application
In a briefing after the first Federal Executive Council meeting of 2024, Minister of State for Education, Dr. Yusuf Sununu, affirmed that the Federal Government’s Student Loan Scheme remains on track for its anticipated commencement this month.
Emphasizing the online application process, Sununu assured that students who apply through the soon-to-be-completed website can expect to access the facility within 30 days.
President Bola Tinubu had previously declared the commencement of the new Students Loan Programme in January 2024 during the 29th session of the Nigeria Economic Summit in October 2023. The President expressed the government’s commitment to ensuring the smooth operation of the program and curbing disruptions caused by strikes in higher education institutions.
READ ALSO: EPL club facing points deduction over breach of financial fair play rules
Sununu outlined the eligibility criteria for prospective beneficiaries, emphasizing the need for admission into a public school in Nigeria. Once qualified, applicants can apply online, with a streamlined processing period to facilitate loan disbursement within a month.
Funds allocated for the Student Loan Scheme are embedded in both the 2024 budget and the supplementary budget for 2023. The primary objective of the scheme is to enhance accessibility to higher education for students, particularly in tertiary institutions.
In a related development, the Ministry of Education presented guidelines for implementing transnational education in Nigeria to the Federal Executive Council. This initiative aims to permit foreign degree-awarding institutions to establish a presence in Nigeria, employ local talent, admit local students, and alleviate the strain on existing higher education institutions. Sununu highlighted the global trade agreements, such as Nigeria’s membership in the World Trade Organisation since 1995, as the foundation for facilitating exportable educational services across borders.
-
News6 days ago
Cooking Gas Price Has Fallen
-
Politics7 days ago
Revealed: What Access Bank Said About Its Dealings With Yahaya Bello
-
Sports5 days ago
Finidi agrees deal with NFF, names three foreign assistants
-
News6 days ago
Read How Auxiliary Was Whisked Away By Masked Security Agents as Family member Speaks
-
Politics5 days ago
Atiku Says Tinubu’s Son Is A Director In Company Related To Coastal Road Contract
-
Politics6 days ago
Rivers Crisis: I Can’t Bow To Wike, He’s Not God – Fubara
-
Entertainment5 days ago
“I Met My Husband Online And I’m Happily Married To Him As The 3rd Wife”– Bimpe Akintunde Says As She Shed More Light On Her Marriage
-
News6 days ago
ERA OF GIVING OIL BLOCS TO POLITICIANS AS PATRONAGE IS OVER SAYS LOKPOBIRI