2024 budget: FG votes N50bn for student loan

The Federal Government had voted N50bn in the 2024 budget for the implementation of its student loan scheme.

This was contained in the details of the 2024 budget appropriation.

Meanwhile, details of how the loan scheme, unveiled by President Bola Tinubu in June, would be implemented remains sketchy.

But the President gave the assurance that the loan scheme would kick off January.

The PUNCH reports that Tinubu, who spoke at the 29th National Economic Summit in November, insisted that the student loan scheme was a more sustainable model for funding tertiary education and increasing citizen’s access to higher education

“By January 2024, the new students loan programme must commence. To the future of our children and students, we are saying no more strikes.

“To address long-standing issues in the education sector, a more sustainable model of funding tertiary education will be implemented, including the Student Loan Scheme scheduled to become operational by January 2024.


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