By: Binta Jaiteh
The National Assembly yesterday adopted the report of the Joint Committee of Finance and Public Accounts (FPAC) and Education, Training and ICT on the Student Revolving Loan Scheme Bill.
The bill was tabled on 24 June 2024, during the Fourth Ordinary Session 2024. During the second reading of the Bill on 15 July 2024, lawmakers debated its principles and general merits and it was eventually read for the second time and referred to the Assembly Business Committee for committal to the relevant committee as per Order 68 of the Standing Orders.
Presenting the report, Alagie Mbow, co- chairperson of FPAC said the committee held a meeting on 20 January 2025, to strategize and identify key stakeholders for scrutinizing the Bill in line with its mandate as per Order 69 of the Standing Orders, which provides the procedural framework for carrying out the task.
“Access to quality tertiary and higher education is essential for national development and human capital growth. Unfortunately, many students in The Gambia face significant financial challenges that prevent them from furthering their education after completing secondary school. While the Government of The Gambia, through the Ministry of Higher Education, Research, Science, and Technology (MoHERST), provides scholarships to support students, the existing financial support mechanisms are insufficient to accommodate the growing number of aspiring students. To address this gap, this Bill seeks to establish a sustainable student loan scheme that will broaden access to tertiary and higher education financing,” he explained.
According to Mbow, the proposed scheme will ensure that students, who do not benefit from government scholarships, have an alternative source of funding to pursue their academic aspirations. “Upon completion of their studies and securing employment, the beneficiaries will repay the loan, thereby ensuring a revolving fund that will continue to support future students,” he further explained.
He indicated that the Bill promotes equitable access to education for all Gambians, with a particular focus on gender inclusion and long-term sustainability in higher education financing.
By providing this structured financial support, the Bill aims to empower students, enhance workforce development, and contribute to the overall socio-economic advancement of The Gambia.
“There should be a simplified loan application process, strong oversight to prevent corruption and governance structure with experienced leadership,” he recommended.