The House of Representatives Ad-hoc Committee on Students Loan Fund and Access to Higher Education has said it is working to propose an increase of 3% as against an initial 1% for students loan from revenue generated annually as recently announced by President Bola Ahmed Tinubu.

The Chairman of the Ad-Hoc committee Hon Terseer Ugboh made the revelation during a public hearing to ascertain the level of progress made so far by the presidential committee put together to remove all legal encumbrances hindering access to the loan by Nigerian students

Ugbor expressed displeasure with the slow implementation of the Students Loan Programme which would have also cushioned the effects of fuel subsidy removal and asked the implementers to ensure there was fairness in distribution.