Tertiary education financing digital platform, PressPayNg, has said the legislation and signing of the Student Loan Bill will help young Nigerians access funding for higher education with less stress.
A statement by the firm said that the development would also bridge the funding gap experienced by young Nigerians who desired higher education, saying the Act would provide interest-free loans to students.
It read, “The Act will also see that the students have equal rights to access the loans without any form of discrimination of any kind. This will significantly alleviate the financial burden.
“The historic legislation demonstrates the President’s genuine concern for the welfare and future of Nigerian students.”
Commenting on the signing of the Students Loan Bill into law and its significance, the Chief Executive Officer of PressPayNg, Mr Abiola Metilelu, said, “By signing the Student Loan Bill, President Bola Tinubu has set in motion a transformational shift in Nigeria’s educational landscape. The legislation not only enables students to pursue their academic aspirations but also empowers them to become catalysts for positive change within their communities and the nation at large. It fosters a culture of academic excellence, enabling students to unlock their full potential and contribute meaningfully to the socio-economic growth of Nigeria’’.
He added that ‘’There is intensifying demand for expanded access to good quality tertiary education. PressPayNg is committed to providing financing opportunities for higher education and believes in the power of education to transform lives. Through our innovative approach to education financing, we have successfully empowered countless students to pursue their dreams and achieve academic excellence. Our comprehensive range of financial solutions and programs align perfectly with the goals of the Student Loan Bill, making us the ideal partner to support this historic initiative’’
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