The National Student Financial Aid Scheme bill scaled second reading in the Senate yesterday.
The bill, which was sponsored by Senator Sadiq Sulieman Umar, (APC, Kwara North), seeks to provide a realistic framework for the success of education financing.
In his lead debate, Umar said the Bill provided for the management, governance, and administration of the proposed scheme.
According to him, the National Student Financial Aid Scheme, upon its establishment, would grant interest-free loans and bursaries to eligible undergraduates
He added that it would also ensure the structured administration of such loans and bursary, including recovery.
Other senators in their contributions supported the Bill.
Then, the Senate President, Ahmad Lawan, referred it to the Committee on Tertiary Institutions and TETFUND for further legislative action.
