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Senate approves students loan Repeal and Re-enactment Bill

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The Senate has passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024 into law

The resolution of the Senate came after it considered the report of the Senate Committee on Tertiary Institutions and TETFUND that considered the Bill.

The Chairman of the Committee, Senator Muntari Dandutse (APC – Katsina South) presented the report at plenary on Wednesday

President Bola Tinubu had last wednesday transmitted the Bill to the National Assembly for its consideration and passage.

The Senate had given the Bill accelerated hearing by suspending relevant sections of its standing rules and referred the Bill to the Committee of the Whole for consideration.

After the debate on the Bill, Senate President Godswill Akpabio referred the Bill to the Senate Committee on Tertiary Institutions and TETFUND for further legislative work and to report back in one week.

The Bill seeks to provide easy access to higher education for indigent Nigerians through interest free loans from the Nigerian Education Loan Fund established in the Act with a view to providing education for all Nigerians.

Some amendments sought to the Act by by President Tinubu, according to an explanatory memorandum made available to reporters include “the establishment of the the Nigeria Education Loan Fund (NELFUND) as a body corporate that that can sue and be sued in its name and has the power to acquire, hold, and dispose of movable and immovable property for the purpose of its functions.

“This ensures that the Fund can legally enter contracts, including loan agreements and may also initiate action to ensure repayment by beneficiaries.

“It also empowers the Fund to provide loans to qualified Nigerians for tuition, fees, charges, and upkeep during their studies in approved tertiary education
institutions and vocational and skills acquisition institutions in
Nigeria.

“It empowers the Fund to build, operate, and maintain a diversified pool of funds to
provide loans to qualified applicants and ensure access to higher education, vocational training, and skills acquisition.”

“These changes,” it indicated, would “ensure that students can apply for and receive loans to cover tuition, institutional charges and some upkeep costs.

“It also separates the Governance functions from the management operations of the NELFUND by establishing a Board of Directors with a Chairman and Secretary.

“The board’s members are drawn from the relevant ministries, regulatory bodies, and participating agencies, including the
Federal Ministries of Finance and Education, the FIRS, NIMC, NUC, NBTE, and NCCE, as well as representatives of universities, polytechnics, and colleges of education, students of tertiary institutions, and the organised private sector.

“It also properly defines the resource structure of the Fund by, amongst other things, establishing the General Reserve Fund into which shall be paid 1% of all taxes, levies and duties collected by the Federal Inland Revenue Service and accruing to the benefit of the Federal Government of Nigeria.

“It indicated that this is from which the Fund shall pay amounts payable as loans to
qualified applicants for tuition, fees, charges, and upkeep, as well as the Fund’s operational expenses and such expenditures necessary to attaining the Fund’s objectives and functions.”

On changes to Eligibility Criteria for Applicants, the new Bill removed the family income threshold to enable Nigerian students to apply for loans and accept responsibility for repayment according to the Fund’s guidelines.

It also removed the guarantor requirement so that students can apply for and receive loans subject to application and identity verification guidelines as provided by the Fund.

Besides, Student applicants can no longer be disqualified based on their parent’s loan history.

It established a justice and fairness provision mandating the Board to ensure a minimum national spread of loans approved and
disbursed in each financial year.

Applicants to the Fund may apply for loans to cover tuition and other fees payable to the school and maintenance allowance
payable to the student.

On repayment of loans, the Bill indicated that beneficiaries of the Fund shall begin as soon as the beneficiary becomes employed in any capacity.

According to the brief, the Fund shall not initiate loan recovery efforts until two years after the completion of the National Youth Service Corps programme.

It stated that a beneficiary may request an extension of enforcement action by the Fund by providing a sworn affidavit indicating that he is not employed in any capacity and is not receiving any income.

It pointed out that any person who provides a false statement to the Fund under
this section is guilty of a felony and is liable to imprisonment for three years.

It also makes provision for loan forgiveness in the event of death or acts of God causing inability to repay.

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Education

Inculcate critical thinking, Inspire, guide your Students – Poland Ambassador tasks teachers

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By Friday Idachaba, Lokoja.

Ambassador of Poland to Nigeria, Her Excellency, Ambassador Joanna Tarnawska has called on teachers to encourage critical thinking, inspire and guide their students or listeners to become innovative problem solvers.

Tarnawska made the call as a Guest Lecturer at the 6th Distinguished Public Lecture of Federal University Lokoja titled: “How to Effectively Pass Knowledge and Inspire Students in the Contemporary World.”

The Guest Lecturer said gone are the days when teachers were seen as encyclopedia and repository of knowledge. saying, “A teacher is not an encyclopedia anymore, a teacher is a book mark, a beacon who points to the relevant paragraph.”

Tarnawska stressed that teachers must be well grounded and knowledgeable in their respective disciplines, and urged them to guide, teach on how best to gather information and get the gist.

She said, “Know your subject matter and be ready to deepen your knowledge continuously, Know your audience, adapt your language and content to the listeners.

The Envoy said that with the influx and abundance of information with the world turned a global village, it is important to know the authentic from the fake and safekeep facts, especially now that everything can be checked online.

“Encourage questions, building an atmosphere of trust will be helpful to achieve this. Modern lessons should not only be teacher centered, Keep a balance and make time for student centered lessons.

“Never ask the question, “Do you understand?”, instead, ask questions to check your students understanding, always give practical examples,
be engaging and make sure your listeners are following you”, she said.

Speaking earlier in his address, Prof. Olayemi Akinwumi, Vice-Chancellor of Federal University Lokoja, commended Ambassador Joanna Tarnawska for the promptness with which she accepted to deliver the Distinguished Public Lecture.

Prof. Akinwumi noted that the topic of the lecture, “How to Effectively Pass Knowledge and Inspire Students in the Contemporary World” is not just timely but imperative.

He said, “In an era marked by rapid technological advancements, societal transformations, and global interconnectedness, the role of education transcends mere dissemination of facts.

“It therefore behoves upon us to instill in our students a hunger for knowledge, a love for learning, and a sense of purpose that extends beyond classroom boundaries.”

The Professor of History said as Vice-Chancellor of the esteemed institution, he was keenly aware of the profound impact that effective teaching and inspirational mentorship can have on the lives of our students.

Akinwumi urged all stakeholders to reflect on how we can collectively shape the future of Education, and recommit to the noble pursuit of empowering the next generation of leaders and innovators.

He enjoined all to embrace the spirit of collaboration, innovation, and lifelong learning as we listen to the lecture together. (Ends)

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22 NTIC students to participate in 3-day NMC’s Olympaid Camp

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The National Mathematical Centre (NMC) has selected 22 students of the Nigerian Tulip International Colleges (NTIC) to participate in a 3-day Olympiad Camp.

The Olympiad competition covers subjects such as Mathematics, Science, Arts, Music, Literature, History, Culture, Information Communication Technology among others.

The Managing Director NTIC, Feyzullah Bilgin, in a statement on Tuesday said, “In a remarkable display of academic prowess, 22 students from Nigerian Tulip International Colleges in Nigeria have been handpicked by the prestigious National Mathematical Centre (NMC) to participate in a rigorous 3-day Olympiad Camp.

“The selection of these bright minds not only highlights their exceptional mathematical abilities but also underscores the dedication and commitment they have shown towards their education.”

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Federal University Lokoja Matriculates 4,925 For 2023/2024 Session

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By Friday Idachaba, Lokoja.

FEDERAL University Lokoja has matriculated 4,925 students into its over 57 programmes from seven faculties, for the 2023/2024 academic session with a charge for them to uphold the values and standards of the university.

Vice Chancellor of the University, Prof. Olayemi Akinwumi gave the charge during the matriculation ceremony at the Adankolo Campus of the University on Thursday in Lokoja.

Prof. Akinwumi urged them to maintain obedience to school authority and maintain good conduct adding that violation of their oath would be met with appropriate sanctions.

The 4,925 figure excludes the those admitted into faculties of Law, Agriculture and Pharmacy which were recently Resource Verified.

The VC noted that the mission of the University is to ‘Provide quality education, foster critical thinking, and produce well-rounded graduates who are equipped with the skills and knowledge to contribute meaningfully to society.

“Our vision is to
be the best among the universities in Nigeria and one of the top 10 universities in Africa. We aspire to become a world-class University recognized for excellence in teaching, research, and community engagement.

“These guiding principles serve as our compass, driving us towards academic innovation, social responsibility, and transformative impact”, he said.

The Vice Chancellor charged the 4,925 “bright minds joining our university family to bring unique talents, experiences, and aspirations to bear on their scholarship. We are excited to witness the contributions you will make to our academic community and beyond.

“However, as we celebrate your entry into our academic community, it is crucial to recognize the responsibilities that accompany this privilege. You are not just students; you are ambassadors of our university.

“Hence, as you take your oath today, remember it binds you to obedience to authority and maintaining good conduct throughout your stay in Federal University Lokoja. Any violation of this oath will be met with appropriate sanctions.

“I must also emphasize the importance of upholding the values and standards of our university. Federal University Lokoja has zero tolerance for social vices such as cultism, examination misconducts, and indecent dressing.

“Therefore, I urge each and every one of you to prioritize your academic pursuits and resist the temptations of engaging in such destructive activities”, he said.

Prof. Akinwumi urged them to remember that their actions not only reflect upon themselves but also upon the reputation of the university as a whole and he admonished them to be security conscious at all times.

He also reminded the matriculating students that it was essential that they remained vigilant and aware of their surroundings and report any suspicious activities or concerns to the appropriate authorities.

Akinwumi further advised them to always prioritize their personal safety above all and urged them to avail themselves of the opportunities for personal and intellectual growth that await as they embark on this new chapter of life.

“Your time at Federal University Lokoja has the potential to be transformative, shaping you into leaders and scholars of the highest caliber”, he enjoined them. (Ends)

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