In a significant announcement, President Bola Ahmed Tinubu has declared an end to industrial actions in the nation’s academic institutions, emphasizing the commencement of the Students Loans Scheme in January 2024.
President Tinubu made this statement on Monday during his address at the 29th edition of the annual Nigerian Economic Summit, hosted by the Nigerian Economic Summit Group (NESG) at the Transcorp Hilton in Abuja.
During his speech on the administration’s plans to stabilize the economy, with a strong emphasis on collaboration with all stakeholders, particularly the private sector, he stressed the need to establish a sustainable credit scheme that would support an effective anti-corruption campaign.
President Tinubu stated, “By January 2024, the new Students Loan Programme must commence. To ensure the future of our children and students, we are declaring an end to strikes. There must be consumer credit, and this scheme will have to be implemented 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 seek cash to buy a car and when there’s no mortgage for homeownership.”
This announcement marks a significant step in addressing the issues of academic strikes and financial constraints in the education sector, with the aim of ensuring a more stable and productive academic environment for students and educators.
