• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Students Loan: CBN, JAMB Preparing Disbursement Modalities

by Henry Tyohemba and Destiny Bakare
2 years ago
in News
students loan
Share on WhatsAppShare on FacebookShare on XTelegram

To actualise the provisions of the Higher Education Act 2023 otherwise known as Students Loan Act, the Central Bank of Nigeria (CBN) and the Joint Admissions and Matriculation Board (JAMB), are interfacing to fashion out modalities for speedy disbursement to beneficiaries.

Advertisement

It will be recalled that President Bola Tinubu recently signed into law a Bill that provides interest-free education loans for Nigerians willing to acquire tertiary education while they pay in instalments two years after their participation in the National Youth Service Corps (NYSC), programme.

The apex bank in a meeting with JAMB at the Board’s in Bwari, said JAMB as a critical stakeholder is to provide the requisite database of eligible students who had enrolled in Nigerian tertiary institutions as part of the verification process for accessing the loan.

The deputy director of CBN, Mr. Oyeleke Abayomi, who represented the CBN at the high-powered meeting commended the JAMB team for its prompt response despite the short notice.

He stated that the students loan scheme scheduled to commence with effect from 1st October, 2023, would be in phases noting that while there were stakeholders such as the Federal Ministry of Education, tertiary institutions and their regulatory agencies listed in the Act, the responsibility of the CBN, according to him, was to develop an application to operationalise the disbursement of the loan.

RELATED

ABU To Honour Uwais, Fika, Chihombori-Quao

ACF Mourns Uwais, Describes Ex-CJN Jurist Of Repute

5 hours ago
Godly Parenting Summit To Empower Parents For Brighter Future

Godly Parenting Summit To Empower Parents For Brighter Future

6 hours ago

Abayomi, therefore, stated that they came to JAMB to seek partnership in ensuring the smooth running of the loan scheme, to get the best means of validating the eligibility of students admitted into tertiary institutions vis-a-vis data supplied by applicants.

He further explained that all interested Nigerian students are to login and register for the loan while CBN verifies the citizenship and admission status of the applicants, adding that the loan is to cater for tuition and upkeep.

On his part, the registrar of JAMB, Prof. Is-haq Oloyede, represented by director of finance and Accounts, Mr. Mufutau Bello, thanked the visitors for their kind remarks and for partnering with the Board in the implementation of the scheme.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Students Loan Bill
SendShareTweetShare
Previous Post

Minister Advocates Industry-based Research For Development

Next Post

We Are Investigating Video Of Bandits, Soldiers In Katsina – DHQ

Henry Tyohemba and Destiny Bakare

Henry Tyohemba and Destiny Bakare

You May Like

ABU To Honour Uwais, Fika, Chihombori-Quao
News

ACF Mourns Uwais, Describes Ex-CJN Jurist Of Repute

2025/06/06
Godly Parenting Summit To Empower Parents For Brighter Future
News

Godly Parenting Summit To Empower Parents For Brighter Future

2025/06/06
Eid-al-Adha: No Nation Rises Without Unity, Sacrifice — Shettima
News

Eid-al-Adha: No Nation Rises Without Unity, Sacrifice — Shettima

2025/06/06
Better Days Ahead, Makinde Assures Civil Servants
News

Makinde Advocates 6-year Single-term For Political Office Holders

2025/06/06
Police Investigate Fire Incident At Redeemed Church
News

Fire Guts Section Of Kano Phone Market On Eid Day

2025/06/06
Interim Gov’t Plot: Shehu Sani Taunts DSS Over Claim
News

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

2025/06/06
Leadership Conference advertisement

LATEST

ACF Mourns Uwais, Describes Ex-CJN Jurist Of Repute

Tolu Arokodare On Target As Super Eagles Share Spoils Against Russia

Godly Parenting Summit To Empower Parents For Brighter Future

Eid-al-Adha: No Nation Rises Without Unity, Sacrifice — Shettima

Makinde Advocates 6-year Single-term For Political Office Holders

Fire Guts Section Of Kano Phone Market On Eid Day

Hardship: El-Rufai, Amaechi Owe Nigerians Apology — Shehu Sani

Raphinha Named 2024/2025 La Liga Player Of The Season

Benue Gov’t Directs Residents To Vacate Flood-prone Areas

Gabriel Signs New Long-term Deal At Arsenal 

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.