Student Loan (Access to Education) Act (Amendment) 2023

Legislative Journey

First Reading

18 Jul 2023
Second Reading

Unavailable
Committee Report

Unavailable
Third Reading

24 May 2023
Current Status

Assented

Summary & Analysis

HB113, or the Student Loan (Access to Education) Act (Amendment) 2023, aims to improve access to higher education for indigent Nigerian students through interest-free loans from the Nigerian Education Loan Fund (NELF). This amendment repeals the Nigerian Education Bank Act and establishes NELF to specifically address tuition fees for students in public higher education institutions.

President Bola Tinubu, on Wednesday, April 3, 2024, signed into law the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Bill, 2024. The Act is of historic proportions as it seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

Documents & Actions

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