The Senate has passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024.
President Bola Tinubu had last week transmitted the Bill to the National Assembly for its consideration and passage.
The Senate had given the Bill accelerated hearing by suspending relevant sections of its standing rules.
After debate on the Bill, Senate President Godswill Akpabio referred the Bill to the Senate Committee on Tertiary Institutions and TETFUND for further legislative work and to report back in one week.
The resolution of the Senate on Wednesday, 20th March 2024, was the outcome of its consideration of the report of the Senate Committee on Tertiary Institutions and TETFUND.
The chairman of the committee, Senator Muntari Dandutse (APC – Katsina South) had presented the report during plenary.
The Bill seeks to provide easy access to higher education for Nigerians through interest-free loans from the Nigerian Education Loan Fund established in the Act to provide education for all Nigerians.