The Senate has passed for second reading a bill to establish National Students Financial Aids Scheme.
Sponsor of the bill, Senator Isa Hamman Misau, representing Bauchi Central Senatorial district has explained that the scheme would afford Nigeria students the opportunity to access educational loans anywhere in the world.
He lamented that the conventional scholarships offered Nigeria Students has collapsed, hence, students particularly those studying abroad were often stranded.
The bill, which was being considered alongside Nigeria Education Bank Act, 2004 will afford eligible Nigeria students in higher institutions to access loans.
Senator Misau was seeking the repeal of Nigeria Education Bank Act, 2004 for a harmonious operations of the two laws which he believed would solve difficulties by Nigeria students in higher institutions.
“A bill for an Act to establish the National Students Financial Aid Scheme to provide for the granting of loans to eligible students at higher institutions and repeal the provisions of the Nigeria Education Bank Act, 2004 and other matters connected therewith, 2017.”
While lending support to the biil, Senator Sam Egwu (PDP), Ebonyi South Senatorial district recalled that he benefited from scholarship in the old Anambra State.
The lawmaker said, the scheme will help indegent poor students studying in higher institutions, saying that, he took scholarships for students as priority when he governed Ebonyi state.
The bill scaled second reading after the Senate President, Dr. Bukola Saraki put it to voice votes.