[OPINION BY EDMUND OKAFOR] Student loan act: A superficial solution to a deeper problem in Nigerian education | TheCable
will be coordinated by a newly established body, the Nigerian Education Loan Fund, and aimed at students whose personal or family income comes to below ₦500,000 per annum.
At first glance, the bill appears to be in service of fostering the development of Nigerian youths through education, but at further scrutiny, it begins to look like a tokenistic gesture aimed at accumulating goodwill from the general public. With the bill aimed at improving access to education, it almost serves as an irony that the parameters for qualification are so exclusionary. Firstly, is the financial threshold required to qualify.
The federal and state universities have become a shadow of what they were at their inception. From long recurrent strikes to deteriorating facilities and low staff wages, there is no shortage of factors to emphasise the poor state of our public universities. All these can be attributed to how these institutions are being managed. Currently, all 91 public universities in the country rely solely on government budgetary allocations in order to function.
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