President Tinubu Declares End to Academic Strikes with Launch of Students Loan Scheme

Landmark Announcement Made at the 29th Nigerian Economic Summit

In a significant announcement, President Bola Ahmed Tinubu declared the end of the era of industrial actions in the nation’s academic environment as his administration gears up to launch the Students Loans Scheme in January 2024. President Tinubu made this statement on Monday during the 29th edition of the annual Nigerian Economic Summit, organized by the Nigerian Economic Summit Group (NESG), held at the Transcorp Hilton in Abuja.

Addressing the audience, President Tinubu outlined his administration’s plans to stabilize the economy, emphasizing collaboration with all stakeholders, particularly the private sector. He underscored the necessity of initiating a sustainable credit scheme that would contribute to an effective anti-corruption campaign.

“By January 2024, the new Students Loan Programme must commence. To secure the future of our children and students, we’re saying no more strikes. There must be a consumer credit scheme that will come into effect as soon as possible. I thank my team and my colleagues for building this program. We cannot talk about anti-corruption when you have to look for cash to buy a car, when there’s no mortgage for home ownership,” President Tinubu stated.

The announcement marks a pivotal step toward addressing longstanding issues in the academic sector, offering a solution to financial challenges faced by students and potentially putting an end to disruptive industrial actions. Further details on the Students Loan Scheme are expected to be revealed in the coming months.



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