• Saturday, July 13, 2024
businessday logo


Tinubu removes restrictions on students loan, to provide school buses

SIDS4: Tinubu pledges more action to mitigate climate impacts, promote sustainable development

In furtherance of his desire to ease the burden of the fuel subsidy removal on students of higher institutions of learning, President Bola Tinubu has approved provision of buses to the students’ bodies of all universities, polytechnics and colleges of education across the country.

Dele Alake, Special Adviser to the President, Special Duties, Communications and Strategy, in a statement on Monday, said the President’s desire “ is to see that students can access their campuses without much difficulty as a result of higher transportation costs.

The provision of the buses is also expected to remove the burden of additional cost of daily commuting on parents and guardians.
“In line with his promise to ensure no Nigerian student abandons his or her educational pursuits as a result of lack of money and economic circumstances of their parents, President Tinubu has also approved the removal of all restrictions on the students’ loan to make it available to any student or household that may desire it.

Read also: Tinubu’s student loans law: An ill-conceived, half-baked policy

“Similarly, President Tinubu has directed the authorities in all Federal Institutions of higher learning to avoid arbitrary increase in sundry fees payable and where possible defer further increase so that parents and students don’t face too many difficulties.

“While it is important to reiterate that President Tinubu has directed release of over 200,000 Metric Tonnes of grains to families in 36 states and Federal Capital Territory, Abuja, the government is working to ensure that vulnerable students can also benefit from conditional cash transfers and food distribution.

The statement said the Federal Government also salutes the courage, wisdom and partnership of Nigerian Students as our country navigates this challenging time.

It added that “President Tinubu will continue to prioritise education and the needs of the students, improve welfare of teaching and non-academic staff and invest in infrastructure to make our institutions of higher learning become more globally competitive”.