January take-off plans for student loan still intact – FG

The Minister said the funds have been made available for the student loan scheme in the nation’s 2024 budget and the supplementary budget for 2023.

According to him, “January is a reality for the commencement of student loan scheme in Nigeria, already the website is almost done .

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“Application for beneficiaries will be online, criteria for students to get admission is that you must be a Nigerian and find yourself in a public school and application is also online which will be processed timely, and you can access your loan within 30 days.

“Funds have been set aside in the 2024 appropriation act, as also the supplementary budget for 2023.”

He said that the government has approved a new policy on transnational education in Nigeria.

Sununu said that the council has adopted guidelines for implementing transnational education across borders.

He said this will allow Nigerian institutions to collaborate with foreign institutions to offer education services within Nigeria.

The Minister further explained that as a member of the World Trade Organization, Nigeria is signatory to the General Agreement on Trade in Services (GATS) which includes education as an exportable service.