On Monday, President Bola Tinubu provided reassurance to Nigerians, stating that the period of labor disputes in the country’s educational institutions is now over, thanks to the commencement of his administration’s Student Loans Scheme in January 2024. 

The president delivered this announcement during his address at the 29th installment of the annual Nigerian Economic Summit, organized by the Nigerian Economic Summit Group (NESG) in Abuja.

According to him, “By January 2024, the new Students Loan Programme must commence. To the future of our children and students we’re saying no more strikes.”

During his address, Tinubu elaborated on his government’s intentions to foster economic stability through cooperation with various stakeholders, including the private sector. He also emphasized the importance of promptly launching a long-term credit program, which, he suggested, would contribute to a more effective anti-corruption drive.

“There must be consumer credit scheme that will have to come to effect as soon as possible. I thank my team and my colleagues to build this programme, develop it now. We cannot talk about anti-corruption when you have to look for cash to buy a car, when there’s no mortgage for homeownership,” he said.