The Student Loans Act 2023: Impact on Higher Education Funding in Nigeria

Abstract

In one of his first acts as President, Bola Ahmed Tinubu signed the Students Loans (Access to Higher Education) Act of 2023, aiming to  provide access to higher education for financially disadvantaged students. This paper analyzes the Act, addressing funding challenges in  Nigeria's higher education system, examining past student loan initiatives, and exploring the Act's potential impact on sustainable  development. The study also considers the historical context and lessons from previous efforts. Moreover, it investigates how the  implementation of the Act could provide a pathway to economic development in Nigeria.