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Nairaland Forum / Nairaland / General / Education / Excerpt From The Student Loan Bill: Why It Needs Modifications Or Kills Nigeria (186 Views)
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Excerpt From The Student Loan Bill: Why It Needs Modifications Or Kills Nigeria by ruffhandu: 2:59am On Jun 15, 2023 |
14. Students applying for loan under this Act must apply as provided under section 17 of this Act on satisfaction of the following conditions — (a) applicant must have secured admission into any of the Nigerian universities, polytechnics, colleges of education or any vocational school established by the Federal Government or the Government of any state of the federation. Study the above and use your tongue to count your teeth. The bolded are icing on the cake. Meanwhile, school fees will skyrocket. If this bill takes effect, many Nigerian youth will be denied access to education. Look at this this way, a family with an income of N1m per annum translates to N83,000 per mum, no child from that family is qualified to get the loan. But even now, how convenient is it for such family to feed two children, not to talk of paying school fees for them? Now, even though they struggle to somehow manage (maybe a police father collects enough bribe to be paying his children's fees), the fees will now increase. So, either the policeman increases the rate of bribery, or his children drop out of school. Can you see the ripple effects of bad leadership and governance. Na una go use una head carry am. |
Re: Excerpt From The Student Loan Bill: Why It Needs Modifications Or Kills Nigeria by Oksman(m): 3:15am On Jun 15, 2023 |
Re: Excerpt From The Student Loan Bill: Why It Needs Modifications Or Kills Nigeria by ruffhandu: 9:38am On Jun 19, 2023 |
No Nigerian likely qualifies for this loan. To qualify, you must be earning below minimum wage, meaning you are civil servant at least. How many people below that line pays tax? Tax clearance is a condition to access the loan. You see that tinubu doesn't mean any well for you, he only wants to generate more money through school fees. |
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