FG Announces Kick-off Date For Students Loan Scheme - DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

FG Announces Kick-off Date For Students Loan Scheme

Adam PR by Adam PR
August 15, 2023
in EDUCATION
0
FG Announces Kick-off Date For Students Loan Scheme
20.6k
SHARES
20.6k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Nigerian government has announced that the implementation of the Students Loans Scheme will commence during the 2023/2024 academic session.

The Permanent Secretary of the Federal Ministry of Education, David Adejo who made the disclosure said specifically that the government had set a September 2023 commencement date.

Speaking further, Adejo debunked rumours that federal universities were increasing their charges because of the loan scheme, stating that the recent increase in charges by some federal universities in the country was unfortunate, adding that no federal University in the country was allowed to collect tuition fees from students.

On the take-off of the students’ loan scheme, the permanent secretary disclosed that President Bola Tinubu has directed the completion of necessary work on the modalities for its implementation.

Adejo further stated that the president has established a coordinating committee, with the Chief of Staff, Femi Gbajabiamila serving as the chairman, adding that the committee comprises key entities such as the Central Bank of Nigeria, the Federal Budget Office, the Ministry of Education, the Ministry of Finance, and others.

He noted that the committee has additionally established a technical team tasked with establishing a solid framework for initiating the program and addressing any legal obstacles that could hinder Nigerians’ access to the loan.

ALSOREAD

FG Imposes Tax On Hookup Girls, Yahoo Boys Under New Law

Tax ID Now Compulsory For Nigerians: What You Should Know

Elon Musk Makes Declaration Amid FG’s Threat Over Sowore’s Anti-Tinubu Tweet

FG Rushes To Tighten Border Control As ‘Deadly’ Ebola Virus Kills 16 In Fresh Outbreak

FG Sends Message To University Students Over Looming ASUU Strike

Adejo reiterated that tuition would not be affected in federal universities due to the scheme as the government didn’t approve such.

He said, “What they collect is charges to cover the cost of accommodation, ICT, and power, among others. It is the Governing Councils of the Universities that have the power to approve such charges for them.

“The only university that increased charges after the signing of the student loans act is the University of Lagos. They came to the Ministry with a proposal to Increase their charges because all Governing Councils were dissolved and we gave them approval.

“Immediately that was done, there was a resolution from the House stopping the increase of fees and the president also gave a directive stopping any increase in fees and that is where it is, even though several others have brought their proposal.”

Many Universities Unable To Meet Running Costs

Speaking further, Adejo revealed that many universities are struggling to meet their running costs including electricity bills hence the push by some of them to increase charges.

He said, “For example, we had to bail out Ahmadu Bello University, Zaria with about N1 billion to pay its electricity bill. The school just resumed academic sessions because they were in darkness.

“They were supposed to build theatres and we told them, you cannot build theatre when you are in the dark because you need power to operate.”

How The Student Loan Will Work

The director of Legal Services of the Central Bank of Nigeria who represented the Acting Governor of the Central Bank, Kofo Salami Alada said the student loan was being designed to be technology driven such that physical contact and paper works would be eliminated.

He added that the CBN will work with the various tertiary institutions that will be assigned unique codes, the Joint Admission and Matriculation Board and other bodies involved in tertiary education in the country to make the process much easier.

He said the CBN will not be responsible for the funding of the exercise, adding that its responsibility will be the bankers to the fund as the funds will be provided solely by the government.

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: FGStudents Loan
Previous Post

BREAKING: Tinubu Mulls Return Of Petrol Subsidy Over Hardships

Next Post

JUST IN: Dollar Crashes Against Naira After CBN’s Threat To BDCs

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

VIDEO: Elderly Teacher Caught On Camera Sleeping With A Student Inside School Premises
EDUCATION

I Invited My Friend To Record – Sudent In Viral Sex Tape With Her Teacher Speaks

October 7, 2025
NECO
EDUCATION

BREAKING: NECO Releases 2025 SSCE Results

September 17, 2025
James Hope University In Lekki Gets New Vice-Chancellor
EDUCATION

James Hope University In Lekki Gets New Vice-Chancellor

September 17, 2025
VIDEO: School Teacher Sparks Outrage After Wearing 'Provocative Outfits' In School
EDUCATION

VIDEO: School Teacher Sparks Outrage After Wearing ‘Provocative Outfits’ In School

September 5, 2025
Yahoo-Yahoo: 21-year Old Nigerian Student Sentenced To Jail For $50 Fraud
EDUCATION

FG Sends Message To University Students Over Looming ASUU Strike

September 4, 2025
JAMB Announces Important Update For 2025 UTME
EDUCATION

JAMB Sends Important Update To All UTME Candidates On 2025 Admissions

August 25, 2025
Next Post
BREAKING: Naira Depreciates To All-Time Low Against Dollar

JUST IN: Dollar Crashes Against Naira After CBN’s Threat To BDCs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    25119 shares
    Share 10048 Tweet 6280
  • FULL LIST: 15 Popular Nigerian Celebrities With Leaked Nud£/S£x Videos

    34704 shares
    Share 13882 Tweet 8676
  • VIDEO: Lady Strips Half Nak3d As She Attempts To ‘Fight’ A Man Inside Market

    21820 shares
    Share 8728 Tweet 5455
  • VIDEO: Drama Ensues As Man And Woman Get Stuck During S3xual Interc0urs£

    21946 shares
    Share 8778 Tweet 5487
  • Kashim Shettima Vacates Seat As Vice President Of Nigeria

    21587 shares
    Share 8635 Tweet 5397
  • Nigerian Woman Whose Sex Video With A Married Man Went Viral Speaks

    22321 shares
    Share 8928 Tweet 5580
  • Japa: 10 Frequently Asked Visa Interview Questions And How To Answer Them

    20728 shares
    Share 8291 Tweet 5182
  • VIDEO: Tenant Caught Landlord Red-handed Sl££ping With His Wife & Daughter

    22494 shares
    Share 8998 Tweet 5624
  • FG Sends Important Message To CDCFIB Applicants On Shortlisting

    21272 shares
    Share 8509 Tweet 5318
  • Trending Video Of Ritual Being Carried Out For Cheating Lovers Stuck Together During S3x

    23845 shares
    Share 9538 Tweet 5961

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved