PressPayNg, a digital platform dedicated to financing tertiary education, expressed that the enactment and signing of the Student Loan Bill will alleviate the stress associated with accessing funding for higher education among young Nigerians.
According to a statement from the company, this development will address the funding gap experienced by young Nigerians aspiring to pursue higher education, as the bill will provide interest-free loans to students.
The statement further highlighted that the Student Loan Act ensures equal rights for students to access loans without any form of discrimination, thus significantly reducing their financial burden.
In addition, the historic nature of this legislation demonstrates the President’s sincere concern for the welfare and future of Nigerian students.
Abiola Metilelu, the CEO of PressPayNg, commented on the significance of the Student Loan Bill being signed into law. Metilelu emphasized that President Bola Tinubu’s action has initiated a transformative shift in Nigeria’s educational landscape. The legislation not only enables students to pursue their academic aspirations but also empowers them to become catalysts for positive change within their communities and the nation as a whole. It fosters a culture of academic excellence, allowing students to unlock their full potential and make meaningful contributions to Nigeria’s socio-economic growth.
Metilelu also acknowledged the growing demand for expanded access to high-quality tertiary education. PressPayNg is fully committed to providing financing opportunities for higher education and firmly believes in the transformative power of education. Through their innovative approach to education financing, the company has successfully empowered countless students to pursue their dreams and achieve academic excellence. Their comprehensive range of financial solutions and programs perfectly aligns with the objectives of the Student Loan Bill, making PressPayNg an ideal partner to support this historic initiative.