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Federal Govt eases access to student loan in new proposal
Federal Govt eases access to student loan in new proposal
A major rejig of the student loan scheme of the Federal Government has been proposed for legislation by the National Assembly.
The new plan will ease loan access by students.
It was sent yesterday as an Executive Bill to the Senate and the House of Representatives for consideration and passage.
Yesterday would have been the official kick-off of the programme, but it was shifted indefinitely.
The new Bill seeks to scrap the Student Loan Act, which is to be substituted.
President Bola Ahmed Tinubu on June 12, 2023, signed into law the Student Loan Bill to provide interest-free loans to Nigerians seeking higher education.
It was sponsored by former House of Representatives Speaker Femi Gbajabiamila, now Chief of Staff to the President.
It was introduced in 2016 as part of measures to address the funding gaps in tertiary education.
The new Bill got expeditious consideration at the two chambers.
It spells out the funding structure and other conditions attached to the loan.
The Bill, which scaled the first and second reading on Day 1, proposes one per cent of all collectable revenue by the Federal Inland Revenue Service (FIRS) to fund the scheme.
The hurdles of a guarantor, a parent’s debt profile and others in the old Act have been removed in the new Bill, thereby making it easier for the loan to be accessed.
The Senate and House received from the President a bill which seeks to amend the Students Loan (Access to Higher Education) Act, 2023.
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The President’s letter was read by Senate President Godswill Akpabio and Speaker Tajudeen Abass.
The letter is titled: “Transmission of Students Loans (Access to Higher Education) (Repeal and Reenactment) Bill 2024” and is dated March 14, 2024.
It reads: “Pursuant to Section 58(2) of the Constitution of The Federal Republic of Nigeria, 1999 (as amended), I forward, herewith, the Student Loan (Access to Higher Education) (Repeal and Re-Enactment) Bill, 2024 for the kind consideration of the House of Representatives.
“The Student Loan (Access to Higher Education) (Repeal and Re-Enactment) Bill, 2024 seeks to enhance the implementation of the Higher Education Student Loan Scheme by addressing challenges related to the management structure of the Nigerian Education Loan Fund (NELF), applicant eligibility requirements, loan purpose, funding sources and disbursement and repayment procedures.”
The President said he hoped the bill would “receive the usual expeditious consideration of the” lawmakers.
Both chambers suspended their relevant rules and passed the Bill for first reading.
They, thereafter, referred the Bill to the Committee of the Whole where they separately considered and passed it for Second Reading.
The proposal is entitled: “A Bill for an Act to Repeal the Students Loans (Access to Higher Education) Act, 2023 and Enact the Student Loans (Access to Higher Education) Bill, 2024 to Establish the Nigerian Education Loan Fund as a Body Corporate to Receive, Manage and Invest Funds to Provide Loans to Nigerians for Higher Education, Vocational Training and Skills Acquisition and for Related Matters”
All the lawmakers who contributed to the debate on the Bill in both chambers agreed that it should be passed as quickly as possible to boost education access.
A significant amendment being sought, according to a policy brief, includes “the establishment of the Nigeria Education Loan Fund (NELFUND) as a body corporate that can sue and be sued in its name and has the power to acquire, hold, and dispose of movable and immovable property for the purpose of its functions”.
On eligibility criteria for applicants, the new Bill removes the family income threshold to enable Nigerian students to apply for loans and accept responsibility for repayment according to the Fund’s guidelines.
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It also removes the guarantor requirement so that students can apply for and receive loans subject to application and identity verification guidelines as provided by the Fund.
Student applicants can no longer be disqualified based on their parent’s loan history.
The Bill establishes a justice and fairness provision mandating the Board to ensure a minimum national spread of loans approved and disbursed in each financial year.
Applicants to the Fund may apply for loans to cover tuition and other fees payable to the school and maintenance allowance payable to the student.
On repayment of loans, the Bill indicates that beneficiaries of the Fund shall begin as soon as the beneficiary becomes employed in any capacity.
According to the brief, the Fund shall not initiate loan recovery efforts until two years after the completion of the National Youth Service Corps (NYSC) programme.
It states that a beneficiary may request an extension of enforcement action by the Fund by providing an affidavit indicating that he is not employed in any capacity and is not receiving any income.
It provides out that any person who provides a false statement to the Fund under this section is guilty of a felony and is liable to imprisonment for three years.
It makes provision for loan forgiveness in the event of death or acts of God causing inability to repay.
The brief says: “NELFUND can legally enter contracts, including loan agreements and may also initiate action to ensure repayment by beneficiaries.
“It also empowers the Fund to provide loans to qualified Nigerians for tuition, fees, charges, and upkeep during their studies in approved tertiary education institutions and vocational and skills acquisition institutions in Nigeria.
“It empowers the Fund to build, operate, and maintain a diversified pool of funds to provide loans to qualified applicants and ensure access to higher education, vocational training, and skills acquisition.”
“These changes will ensure that students can apply for and receive loans to cover tuition, institutional charges and some upkeep costs.
“It also separates the governance functions from the management operations of the NELFUND by establishing a Board of Directors with a Chairman and Secretary.
“The board’s members are drawn from the relevant ministries, regulatory bodies, and participating agencies, including the Federal Ministries of Finance and Education, the Federal Inland Revenue Service (FIRS), National Identity Management Commission (NIMC), National Universities Commission (NUC), National Board for Technical Education (NBTE), and National Commission For Colleges of Education (NCCE), as well as representatives of universities, polytechnics, and colleges of education, students of tertiary institutions, and the organised private sector.
“It also properly defines the resource structure of the Fund by, amongst other things, establishing the General Reserve Fund into which shall be paid one per cent of all taxes, levies and duties collected by the FIRS and accruing to the benefit of the Federal Government of Nigeria.”
Federal Govt eases access to student loan in new proposal
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News
NDLEA Arraigns Two Mexicans, Four Nigerians Over Secret Meth Lab in Oyo Forest
NDLEA Arraigns Two Mexicans, Four Nigerians Over Secret Meth Lab in Oyo Forest
The National Drug Law Enforcement Agency (NDLEA) has arraigned two Mexican nationals and four Nigerians before the Federal High Court in Ibadan, Oyo State, over their alleged involvement in the establishment and operation of a clandestine methamphetamine laboratory in the state.
The six defendants were arraigned before Justice Nkeonye Evelyn Maha on a four-count charge bordering on conspiracy, the establishment of an illegal drug laboratory and the unlawful transportation and distribution of chemicals intended for the production of methamphetamine, a highly addictive psychotropic substance.
The defendants were identified as 56-year-old Mexican national Jose Villa Ochoa; another Mexican, 40-year-old Carrera Loaiza Arturo; and four Nigerians, Maxwell Uche Nevoh, 30; Olatunji Yusuf, 37; Bankole Akeem Owolabi, 45; and Ganiu Monsiu, 43.
According to the NDLEA, Ochoa and the four Nigerian defendants were arrested on June 17, 2026, in a forested area of Tapa village, Ibarapa North Local Government Area of Oyo State, where operatives uncovered the clandestine laboratory.
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The second Mexican suspect, Arturo, was subsequently tracked down and arrested on August 19, 2026, while allegedly attempting to flee Nigeria through the Lagos airport.
The agency disclosed that the defendants were accused of conspiring to operate a drug trafficking organisation and establishing a secret laboratory for the production of methamphetamine between December 2025 and June 2026 at different locations in Lagos and Oyo states.
They were also accused of unlawfully transporting and distributing chemical substances for the manufacture of the prohibited drug, contrary to Section 20(1)(f) and punishable under Section 20(2)(a) of the NDLEA Act.
When the charges were read to them in a language they understood, all six defendants pleaded not guilty.
Following their pleas, Justice Maha ordered that they be remanded at the Correctional Centre in Ibadan pending the commencement of their trial.
The court subsequently fixed January 26, 27, 28 and 29, 2027, for the trial.
In a related development, the NDLEA disclosed that three other Mexican nationals and seven Nigerian collaborators arrested over the alleged operation of a similar clandestine methamphetamine laboratory in a forest hideout in Ogun State on May 16, 2026, had also been arraigned before a Federal High Court in Lagos.
The court reportedly rejected their bail application and ordered an accelerated hearing of the case.
The latest development underscores the NDLEA‘s ongoing efforts to dismantle suspected international drug trafficking networks and prevent Nigeria from becoming a hub for the illicit manufacture of dangerous narcotic substances.
The agency’s Director of Media and Advocacy, Femi Babafemi, announced the arraignment in a statement issued on Friday, November 6, 2026.
NDLEA Arraigns Two Mexicans, Four Nigerians Over Secret Meth Lab in Oyo Forest
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Tinubu’s Visit: One Feared Dead, Several Injured as APC Women’s Bus Collides With Security Vehicle in Uyo
Tinubu’s Visit: One Feared Dead, Several Injured as APC Women’s Bus Collides With Security Vehicle in Uyo
UYO, Akwa Ibom State – A tragic road accident involving a bus conveying supporters of the All Progressives Congress (APC) has reportedly claimed one life and left several others injured in Uyo, Akwa Ibom State.
The accident occurred on Friday, November 6, when the bus, reportedly conveying APC women to participate in activities marking President Bola Ahmed Tinubu’s visit to the state, collided with a security vehicle along Oron Road.
The incident happened amid heightened security arrangements for the President’s visit to Akwa Ibom, where he was scheduled to commission several projects executed by Governor Umo Eno’s administration and attend political activities.
According to reports, the bus, identified as belonging to the Akwa Ibom State Transport Corporation (AKTC), was conveying the women towards the reception venue when it collided with a Toyota Hilux security vehicle.
The impact reportedly left the bus badly damaged, triggering panic as passers-by, motorists and security personnel rushed to assist the victims.
A video circulating on social media showed the wreckage of the bus at the accident scene, with people gathering around the damaged vehicle as rescue efforts continued.
The injured victims were reportedly evacuated and taken to hospitals in Uyo for medical attention.
The Guardian reported that one person had died in the accident, while several others sustained injuries. However, another local media report said no death had been confirmed as of the time of its publication.
The exact casualty figure and the identities of the victims had yet to be officially established.
The accident has raised concerns about the safety of transportation arrangements for political supporters mobilised to participate in high-profile presidential events.
President Tinubu arrived in Akwa Ibom on Friday as part of a two-state visit to Akwa Ibom and Rivers states. His itinerary included the inauguration of major infrastructure projects and engagement with political stakeholders.
As of the time of filing this report, further details about the circumstances surrounding the collision and the condition of the injured victims were still emerging.
Tinubu’s Visit: One Feared Dead, Several Injured as APC Women’s Bus Collides With Security Vehicle in Uyo
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News
Sex Trafficking: ‘They Took Us To Native Doctor, Shaved Our Private Parts Before Leaving Edo’ – Survivor
Sex Trafficking: ‘They Took Us To Native Doctor, Shaved Our Private Parts Before Leaving Edo’ – Survivor
A survivor of human trafficking, Piana Shua Kimari, has recounted how she was subjected to disturbing traditional rituals before being trafficked out of Nigeria at the age of 15.
Kimari, who shared her experience during a media appearance, disclosed that she and other young girls were taken to a traditional practitioner in Ekpoma, Edo State, where parts of their bodies were shaved before they were transported out of the country.
Recounting the frightening experience, she said the traffickers subjected them to the rituals before leaving Ekpoma.
“Before we left Ekpoma in Edo State, they took us to a powerful native doctor. They shaved our armpits, private parts and head hair,” she recalled.
Her revelation has brought renewed attention to the disturbing methods allegedly employed by human trafficking syndicates to recruit, intimidate and control vulnerable young women and girls.
The practice of subjecting trafficking victims to traditional oaths and rituals is a recognised method of psychological intimidation used by some trafficking networks, particularly in cases involving cross-border sexual exploitation.
In some instances, victims are made to believe that revealing the identities of their traffickers, escaping or refusing to repay alleged trafficking debts could expose them or their families to spiritual attacks, madness or death.
Such threats often leave victims traumatised and afraid to seek help, even when they have opportunities to escape.
Kimari further recounted how their journey took them beyond Nigeria, with movements through areas around the Seme border and towards Mali, before she fully understood the dangerous situation she had found herself in.
According to her account, what initially appeared to be an opportunity turned into a nightmare when she realised she had fallen into the hands of human traffickers.
Her experience highlights the vulnerability of young girls to trafficking networks that exploit poverty, unemployment, deception and the desire for better opportunities abroad.
Nigeria, particularly Edo State, has long been identified as an important source area for victims of human trafficking, with some victims recruited and transported through international routes for sexual and other forms of exploitation.
The survivor’s account also underscores the importance of community awareness, early intervention and effective collaboration among security agencies, anti-trafficking organisations and relevant authorities.
There are growing calls for stronger efforts to identify and prosecute individuals involved in trafficking networks, including recruiters, transporters and collaborators who facilitate the exploitation of vulnerable persons.
Beyond rescuing victims, human rights advocates have consistently stressed the need for rehabilitation, psychological support, vocational training and reintegration programmes to help survivors rebuild their lives.
Kimari’s testimony serves as another reminder of the dangers confronting vulnerable Nigerian girls and the need for families and communities to remain vigilant against deceptive offers of overseas employment and travel opportunities.
Sex Trafficking: ‘They Took Us To Native Doctor, Shaved Our Private Parts Before Leaving Edo’ – Survivor
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