President Bola Ahmed Tinubu has written to the Senate, demanding a repeal and reenactment of the students loan act.
The president made the demand in a letter dated March 14, addressed to the Senate President, Godswill Akpabio, and read on the floor of the Senate during plenary on Thursday.
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This is coming a day after the federal government announced that the commencement of the student loan scheme had been temporarily suspended.
The Student Loan Bill seeks to enhance the implementation of the Higher Education Loan Scheme by addressing challenges related to the management structure of the Nigerian Education Loan Fund (NELF), applicant eligibility requirements, loan purpose, funding sources and disbursement and repayment procedures.
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