The National Association of Nigerian Students, NANS, has called for an increase in student loans from N20,000 to N40,000. NANS Senate President, Babatunde Akinteye, who disclosed this during a news conference on the state of the nation in Abuja on Monday, said the call followed the hike in the price of fuel.
According to him, the adjustment was necessary to help students cope with the rising cost of living while ensuring that they continue to pursue their education without undue financial strain. He also urged the Federal Government to reduce excessive government spending, saying that at a time when Nigerians were being asked to make sacrifices, it was only fair that those in power led by example. He called for calm, noting that the reforms by President Bola Tinubu would yield favourable outcomes.
According to Akinteye, there is a need for thoughtful and measured action rather than embarking on protest in moments like this. Observing the current hardships, ranging from foreign exchange irregularities to fuel scarcity, and skyrocketing food prices, he urged the government to tackle the problem headlong. “We acknowledge that Nigerians, especially students, are severely impacted by the high fuel prices, as our economy is deeply tied to fuel.
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