The House of Reps has advised public tertiary institutions across the nation not to abuse the Federal Government’s Student Loan Policy to raise tuition costs.
This came after Terseer Ugbor (APC-Benue)’s motion was approved during plenary on Thursday in Abuja.
The House also decided to organise a legislative summit with all parties involved in the education industry on student loans and access to higher education.
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He claims that the usage of educational credit programmes and student loans in the majority of nations throughout the world is frequently acceptable since it ensures that citizens from less affluent backgrounds have greater access to higher education.
He said it was further predicated on the notion that education remained an investment in human capital which in turn would promote individual development, economic growth, and national productivity.
He said, “After several years of unsuccessful attempts by successive administrations to introduce students loans, scholarships, and other educational credit schemes, the 9th National Assembly passed the Students Loans Bill.”
He noted that the objective of the Students Loans Bill was to improve access to education in Nigeria, especially among underprivileged citizens.
He, however, said that are identifiable bottlenecks that could frustrate the successful implementation of the Act.
This, according to him, is if immediate further
He, therefore called for legislative action to ensure the efficient implementation of the Act.
He said there was an urgent need to convene a legislative summit with all key stakeholders to develop a strategy to ensure the smooth implementation of the Act for the benefit of indigent Nigerian students.
