A rights group under the aegis of Education Rights Campaign (ERC) has described the Student Loan Act recently introduced by President Bola Tinubu’s administration as a market fundamentalist and anti-poor piece of legislation aimed at full commercialisation of public education. The group affirmed that those who have applauded the Act are either ignorant of the real consequences or are anti-poor and pro-capitalist elements who do not believe that education ought to be an inalienable right and not a privilege.
Tinubu’s Student Loan Act Is Anti-Poor Law Aimed At Commercialising Public Education, Says Pro-Education GroupThe group affirmed that those who have applauded the Act are either ignorant of the real consequences or are anti-poor and pro-capitalist elements who do not believe that education ought to be an inalienable right and not a privilege.
A rights group under the aegis of Education Rights Campaign has described the Student Loan Act recently introduced by President Bola Tinubu’s administration as a market fundamentalist and anti-poor piece of legislation aimed at full commercialisation of public education.
It added that the Act only takes care of tuition which is a fraction of the total payable fees by students in tertiary institutions.This was made known in a statement jointly signed by Ogunjimi Isaac, Deputy National Coordinator of the organization, and Adaramoye Michael Lenin, National Mobilization Officer.
In the statement, the group called on all Nigerian students, parents, civil society organisations, education workers unions, Nigeria Labour Congress and Trade Union Congress to reject the Student Loan Act.The statement reads in part,"In fact, the leadership of the National Association of Nigerian Students , which is supposed to be the voice of students, at a recent meeting with the President, poured encomium on President Tinubu for signing the bill.
The group described the Act as a fraudulent contrivance by elements who do not have the interest of the poor and indigent at heart and “whose only real achievements would be an increase in the cost of education through the introduction of tuition fees and subjection of loan beneficiaries to lifelong indebtedness and misery.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Student loan bill will boost quality education — FirmTertiary education financing digital platform, PressPayNg, has said the legislation and signing of the Student Loan Bill will help young Nigerians access funding for higher education with less stress.
Read more »
VC Calls For Calm As Protest Rocks Delta Varsity Over Death Of StudentFor two days running, protest has erupted at the Delta State University (DELSU) Abraka, over the death of a 300-level student of Fine Arts, Ayaemene Eugene.
Read more »
Student activist rusticated by UNILAG graduates after seven yearsA student activist, Mr Olorunfemi Adeyeye, who was rusticated in 2016 by the University of Lagos for organising and leading a mass protest
Read more »
Data Protection Act: Banks, telcos to lose 2% revenue for breaches - NDPC CEO OlatunjiThe National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has said that commercial banks,
Read more »
Student loan needed to better varsities' financial stand — DonMimiko stated this at the 6th annual registry lecture he delivered at the Elizade University, Ilara Mokin, Ondo State.
Read more »
Issues With Tinubu’s Education Loan SchemeTinubu’s first three weeks in office have been packed with actions – fuel subsidy was removed on his inauguration, some aides have been appointed, the Naira
Read more »