The National Assembly, comprising the Senate and the House of Representatives, has passed the prolonged student loan bill.
The bill, which scaled first, second, and third readings in both parliamentary sittings, became law on Wednesday.
The Senate resolution followed the consideration of the committee’s report on tertiary institutions and TETFUND.
Muntari Dandutse, chair of the committee, presented the report during plenary.
Recall that 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 and referred the Bill to the Committee of the Whole for consideration.
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 Bill seeks to provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund established in the Act to provide education for all Nigerians.
