A bill which aims to provide loans for Nigerian students who wish to
further their education has passed the second reading in the house of
representatives yesterday.
According to the sponsor of the bill, Femi Gbajabiamila, the loan should
be made interest-free as Nigeria has the resources to provide steady
education for future generations.
However, another House member, Olabode Ayorinde it will be a against
already existing laws for banks to give loans interest-free and
suggested that the House should rather set up an "education support
fund".
After much deliberations, the lawmakers unanimously endorsed the second
reading of the bill and subsequently referred it to tertiary education
and services committee.
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