Governor Babajide Sanwo-Olu of Lagos State expressed his admiration for President Bola Tinubu's decision to sign the Student Loan Bill into law.
The commendation came during the 26th Convocation and 40th Anniversary of Lagos State University (LASU) in Ojo.
On June 12, President Tinubu signed the Student Loan Bill, establishing the Nigerian Education Loan Fund. This fund will provide interest-free loans to financially disadvantaged Nigerian youths, offering them opportunities to pursue higher education.
President Tinubu emphasized that the bill would open doors for underprivileged children to fulfill their aspirations of obtaining a tertiary education. Governor Sanwo-Olu urged all Nigerians, particularly the intended beneficiaries, to embrace this opportunity with sincerity.
The governor highlighted the Lagos state government's commitment to supporting students in public tertiary institutions within the state. The government aims to help students discover their talents, harness their potential, and strive for excellence, entrepreneurship, and self-sufficiency.
”As a government, we are not unaware that university operations is service-oriented and as such, the need to continually improve on quality benchmarks is a continuum.
”Very importantly, we are also not unaware that sustaining an effective university that can compete favourably on a global stage requires huge financial investments.
”While we are committed to the aspirations of the founding fathers of the institution, we are resolved to surpass the gains of yesterday by setting a new narrative for the institution.
”In line with this commitment, our administration has ensured that most of the legacy projects it initiated on the institution’s campus have either been completed or are near completion,” he said.
Sanwo-Olu said the projects included the university Main Library; the Faculty of Education Annex; the Faculty of Management Sciences Building; the Lagos State University Technology Hub and the Ultra-Modern Hostel Facilities.
