According to a statement from President Bola Ahmed Tinubu, the student loan program will start in January 2024.
At the 29th Economic Summit, held on Monday in Abuja and hosted by the Nigerian Economic Summit Group (NESG) in collaboration with the Federal Ministry of Budget and Economic Planning, he made the statement.
A campaign promise kept by the president was the Student Loan Bill, which was enacted into law in June. The bill offers needy Nigerian students loans without interest.
Tinubu guaranteed Nigerians that there would be no more strikes at government-owned tertiary institutions.
He acknowledged that his changes had a temporary negative effect on Nigerians but assured them that everyone would soon reap the rewards.