Presidential monologue – Part 15

Speaker, House of Representatives, Tajudeen Abbas ; President of the Senate, Godswill Akpabio; President Bola Tinubu; his Chief of Staff, Femi Gbajabiamila and Minister of Education, Prof. Tahir Mamman, during the signing of the Students Loan Bill by the President at the State House, Abuja.

Also, the student loan scheme is an abandonment of responsibility for the funding of education, a perennial issue in the education sector in Nigeria. The BWIs are inclined to attack the poor through the reproduction of what I have conceptually referred to as secondary uneven development.

Advanced countries with similar schemes have not been able to surmount the level of default on the loans, how much more of a very corrupt country. However, as I have already mentioned above, the latent function this time is not ennobling, it is sheer abdication of responsibility to make education a public good considering its centrality to every aspect of social production.

Today, 70 per cent of college students graduate with a significant amount of loans. Over 44 million Americans collectively hold nearly $1.5 trillion in student debt. That means that roughly one in four American adults are paying off student loans. What are the services that the Nigerian government renders to its people? Is there pipe-borne water in the country? Do Nigerians enjoy electricity? Are there good roads in the country? Can Nigerians sleep with two eyes closed? How do Nigerians have access to primary health care? How many Nigerian children are out of school? How free is the Universal Basic Education? What has the ruling clique done about the huge cost of governance and pillaging of national resources through corruption? In all...

Controversies and condemnations, yesterday, trailed the conduct of the All Progressives Congress governorship primaries in the 203 political wards of the state.

Source: Education Headlines (educationheadlines.net)

Presidential Monologue Student Loan Act

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