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EDUCATION

Why I Introduced Student Loan Scheme – Tinubu

April 5, 2024 • 2 min read

President Bola Tinubu has said that with the implementation of the Student Loan Scheme, the way for Nigerian children to escape poverty has been made plain, and they now have a better future ahead of them.

Recall that Tinubu had signed the amended Student Loan Bill into law in front of influential National Assembly members and leaders.

At the State House in Abuja, where he was hosting members of the APC Presidential Campaign Council and the Independent Campaign Council for Iftar, the President stated that education was the only weapon against poverty.

Students Loan: What you need to know about new bill

He said, “Today, I signed the bill for the Student Loan Scheme. Imagine the children of the poor; what about people going through the mud, fishing in the ponds? How do you tell their children that their future will be brighter? It is only through education that we can fight poverty. A promising future awaits our children.”

Speaking about the economy and the re-engineering process, Tinubu gave Nigerians hope that the nation’s economy was being guided towards broad-based prosperity and sustainable growth for families nationwide.

“The economy is looking much better. Yes, we have challenges of inflation, but we will bring it down. When the exchange rate was going haywire, it looked like we were asleep, but we worked on it diligently, and it is going down; it is getting better,” he noted.

Speaking further, Tinubu stated that although borrowing was more considerable a year ago, at the moment, “we are re-engineering the financial landscape, and our revenue is expanding. And we are taking up our sovereignty and earning our respect back in the comity of nations”.

The President expressed his gratitude to the PCC and ICC members for their contributions to his election, stating, “It is your footwork and footprints that made me the President. I campaigned on hope, and you promised Nigerians hope and a good result when campaigning for me.

“There are a lot of expectations. I, therefore, have to work hard for it. There is a windy road we are travelling on. We have to navigate carefully. Otherwise, one ends up in the bush, and that is all I have been focused on.”