President Bola Tinubu signed the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Bill, 2024 into law, aiming to ensure sustainable higher education and skill development for Nigerian students. The Act establishes the Nigeria Education Loan Fund (NELFUND), empowers it to provide loans for education and skills training, separates governance from management, defines the resource structure, changes eligibility criteria, ensures fair loan repayment, and allows for loan forgiveness.
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