Grace Omachoko
President Bola Tinubu has revealed the date for commencement of the Student Loan Scheme approved on June 12, 2023, stating it would go live in January, 2024.
He also promised that episodes of industrial action by academic staff unions of tertiary institutions would become a thing of the past.
Declaring open the 29th session of the annual Nigeria Economic Summit at Transcorp Hilton, Abuja on Monday, Tinubu noted that “By January 2024, the new Students Loan Programme must commence. To the future of our children and students we’re saying no more strikes.”
The NES event is anchored by the non-profit think-tank, the Nigerian Economic Summit Group.
Tinubu elaborated on his administration’s plans to stabilise the economy through the collaboration of all stakeholders, especially the private sector, while stressing on the need to immediately initiate a sustainable credit scheme.
He opined that the scheme would aid an effective anti-corruption campaign.
In his words “There must be consumer credit, the scheme will have to come into effect as soon as possible.
“I thank my team and my colleagues for building this programme, develop it now.
“We cannot talk about anti-corruption when you have to look for cash to buy a car when there’s no mortgage for homeownership.”
NEWSTODAYNG recalled that Tinubu’s comments came 72 hours after he approved the partial waiver of the “No Work, No Pay” Order instituted against striking members of the Academic Staff Union of Universities following the commencement of their eight-month strike which began February 14, 2022, and was terminated on October 17, 2022.
The waiver allows for the previously striking members of ASUU to receive four-month salary accruals out of the eight months of salary which was withheld during the eight-month industrial action undertaken by the union.