The former lawmaker received N1,200 as a student loan from the defunct federal government student loan scheme between 1976 and 1979.
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After the calculations, the former lawmaker issued a bank draft for N3.1 million to NELFUND as the equivalent of the original N1,200 loan.“The table indicated that in 1979, the exchange rate was $1.00 to N0.596, meaning that the sum of N1,200 was equivalent to $2,013.42 at the time,” Mr Ayitogo said.
It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.The agency described the former lawmaker “as an inspiring example of the impact that government support can have on individuals and highlights the importance of honouring one’s commitments.
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