Tinubu Assures Youth On Students Loan

,,,Says Loan Will End Incidents Of Drop Outs –

The student loan program, according to President Bola Ahmed Tinubu, will successfully address the problem of impoverished students quitting school.

This message was delivered by the President yesterday at the Federal University of Technology (FUT) Minna’s 31st and 32nd convocation ceremonies, through Professor Chinedu Nwajuba of the National Universities Commission (NUC).

He said, “As you are all aware, I have assented to the Student Loan Act, implementation of which will commence in January 2024. We expect that with this, indigent students would stay in school rather than drop out as had been the case for many in the past”.

The President noted that over N2.18 trillion had been allocated to education in the 2024 budget, underscoring his commitment and determination to ensure substantial improvement in the sector.

“My administration is determined to ensure substantial improvement in the education sector. Pursuant to this, we are increasing funding for this critical sector, which is clearly demonstrated by our allocation of N2.18 trillion to the education sector in 2024 Appropriation Bill, more than 80 percent higher than the N1.29 allotted in 2023,” he said.

The Vice Chancellor of the university, Prof. Farouk Adamu Kuta, highlighted that with a staff strength of 2,385 and a student population of 26,051, virtually all the programs in the school had achieved full National Universities Commission (NUC) accreditation status.

He mentioned that the university was earnestly preparing to host international accrediting bodies for international accreditation, emphasizing that this initiative would propel the university towards excellence, peaceful co-existence, and developmental strides.