DAILY POST
In June 2023, President Bola Tinubu signed into law a bill that provides interest-free education loans for Nigerians willing to acquire tertiary education.
Thereafter, the government assured that Nigerian students would be able to access the loan in January 2024.
“By January 2024, the new student loan must commence. To the future of our children and students, we are saying no more strikes,” Tinubu said while assuring students that indefinite strike will soon be a thing of the past…
“This Bill started with Gbajabiamila in 2015 when it was first presented; before then, this loan was the recommendation of the 2014 National Confab where I was a student delegate.
“It was part of our recommendation. Though the Confab was under the PDP, the APC has been implementing part of the recommendation without giving credit to the source.
“The president had said by 2024 January the loan scheme will become active but here we are in February, nothing yet.
“I’m a Nigerian student doing my postgraduate studies and in touch with all Nigerian students across the country and I’m sure the programme has not commenced.
“I’m not shocked because there are some things the government says to get public sympathy or the president says to make people feel they are on top of their game. That the loan has not been implemented is not in any way a shock or surprise to someone like me.
“It was the same scenario with the COVID-19 palliative; how many Nigerians got it? So, it is not a surprise that the loan scheme has not come into reality.
“We pray that the president will understand that Nigerian students are eager to start benefiting from the loan.
“The loan will eliminate the suffering in the education sector, though there are lots of pros and cons in the scheme. A situation like the payback plan where the government says it’s two years upon your graduation and NYSC, they will start deducting 10 percent of your income…
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