President Bola Ahmed Tinubu has announced that the Student Loan Scheme payment will commence in January 2024.

Naija News reports that Tinubu gave the assurance on Monday while speaking at the 29th edition of the annual Nigerian Economic Summit, anchored by the Nigerian Economic Summit Group (NESG), at the Transcorp Hilton, Abuja.

He also reiterated that his administration will end industrial actions in the nation’s academic environment.

Speaking on plans to stabilise the economy, with the collaboration of all stakeholders, especially the private sector, Tinubu stressed the need to immediately initiate a sustainable credit scheme, which he said would aid an effective anti-corruption campaign.

He said: “By January 2024, the new Students Loan Programme must commence. To the future of our children and students we’re saying no more strikes.

“There must be consumer credit, scheme 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.”