Nigerian students have been enlightened on the pros and cons of the Students’ loan Act signed by President Bola Tinubu on 12th of June, 2023, expressing goodwill as well as reservations in the prospects of the act.
Speaking with Planet News, some National Youth Service Corps – NYSC members in Uyo, the Akwa Ibom state capital, were of the view that the act will be of help to students who cannot afford to pay for their tuition fees, noting that it may also increase chances of obtaining a degree or certification that can lead to better job opportunities and higher income in the long run.
Others, while pinpointing the down effects of the act, lamented the difficulties some students will face in meeting the stipulated requirements while counter-suggesting that the government should rather invest the money into schools’ infrastructures. They however advised Nigerian students still interested in obtaining the loan to be prudent.
Recall that President Bola Tinubu on June 12 2023, had signed into law a bill to establish a Students Loan Fund in an attempt to make tertiary education more accessible to Nigerian youths.