Nigeria to Offer Student Loans to Expand Access to Education

Nigeria’s President Bola Tinubu signed a law setting up a student loan fund to expand access to education for those that cannot afford to pay tuition amid a cost-of-living crisis in the West African nation.

The Access to Higher Education Bill 2024 establishes the Nigeria Education Loan Fund, a corporate entity which will provide loans to citizens for tuition and upkeep while studying at a university or skills acquisition institution.