Student loan programme takes off January 2024 — Tinubu

President Bola Tinubu has declared that the student loan programme would commence full operation in January 2024.

Tinubu made the announcement at the 29th Economic Summit organised by the Nigerian Economic Summit Group (NESG) in partnership with the Federal Ministry of Budget and Economic Planning, in Abuja on Monday.

The president assured Nigerians that government-owned tertiary institutions would no longer go on strike.

He admitted that Nigerians were feeling the short-term negative impact of his reforms but promised that everyone would soon enjoy the benefits.

The president also assured that Nigeria would honour all future foreign exchange contracts.

“All foreign exchange contracts will be honoured by this government, I assure you we have a line of sight to the foreign exchange we need to refloat this economy and we will get it,” he said.

Tinubu said that as the naira continued its free fall at the parallel market, he would clear foreign exchange contracts backlog discouraging investors’ confidence.