Gbajabiamila hails Tinubu for signing student’s loan bill into law

Hon. Femi Gbajabiamila, the immediate past Speaker of the 9th House of Representatives, has commended President Bola Ahmed Tinubu for signing the Student’s Loan (Access to Higher Education) Bill, 2019 into law.

According to Hon. Gbajabiamila, who sponsored the bill, the future of the country had just been guaranteed and strengthened with the new law as no Nigerian child would be denied access to tertiary education on account of a lack of financial resources.

“The hardship being faced by the unemployed and low-income earners, coupled with the very high cost of living in Nigeria over the years had made access to quality higher education difficult, stressful and in some cases, impossible,” Hon. Gbajabiamila said.

He also stated that a well-educated citizenry was critical to national development and our nation’s ability to compete in the global economy, arguing that higher education should be regarded as a public good benefiting the entire country rather than a commodity solely benefiting the individual recipients.

The legislation provides for the establishment of the Nigerian Education Fund, domiciled with the Central Bank of Nigeria (CBN) from which qualified applicants can access education loans through the commercial banks in the country.

Hon. Gbajabiamila, who is the Chief of Staff (CoS) designate to President Tinubu, said the assent to the bill by the President was a testimony and an indication of a smooth legislature-executive relationship in his tenure as President.

“When the actions of the President are viewed critically and without prejudice, it is reassuring that Nigerians are bound to enjoy good governance if the Legislature and the Executive will continue this symbiotic relationship that has brought massive change into governance within such a short period in the life of this administration,” Hon. Gbajabiamila said.

“While I congratulate Nigerians on this new feat, I will equally implore our indigent youths to maximize the advantage of the new law that will enable them to chart the future they crave for themselves,” he added.

Hon. Gbajabiamila also noted that considering the patriotic steps and decisions made so far by the President, Nigerians should keep supporting and praying for the President in his strides to bring to bear good governance for the benefit of the greater majority of Nigerians.