Thank you Mr President

budaatum:


He very will. Along with the doctors and teachers which require university degrees, UK is suffering from a deficiency in handy people and even farm workers.

https://www.gov.uk/guidance/coming-to-the-uk-for-seasonal-agricultural-work-on-english-farms

The Indians and Pakistani will quickly fill up those handy and farm work roles.

Jeezuzpick:


It will be an option, not compulsory.

Once taken, repayment is a must.

It's being done in the U.S.

However, the problem here is that school fees are about to get jacked up, and most students will have no choice but to take it.

I bet you, over 75% of students will apply for the loan.
In places like US, repayment is easier because of availability of jobs after graduation, etc.

Harfisco:
Back to back
BAT bashing Obidient muguns

na only Obi partake in d election?

pesin wey una claim say carry 3rd?

why not face ur 2nd runner up na... Atiku?

XAUBulls:

The Indians and Pakistani will quickly fill up those handy and farm work roles.

It's actually being filled by immigrants from Europe, especially non-EU, and from Nepal, Kazakhstan and South Africa.

Indians and Pakistanis immigrants tend to go to school where they learn to become UK prime minister.

sonnie10:

Bill before they become law must pass through the appropriate legislative chambers. That is where the budget is evaluated and the cost is looked into.
The same way National Assembly is funded is how it would be funded.
Since it is federal student loan, the money would come from the federal government. It is a now the law of the land. It must be funded. Whether from increasing tax or borrowing, that is issue for another topic.

Therefore the office budget and statistics must be involved
Paying back with interest is the student’s responsibility since it’s a loan, it is not a gift and nobody is forcing anybody to accept it.

It seems u don't understand the questions I asked.

1. So what is the source of the funding?

2.what is the guarantee of repayment of the loans?

3. The bill emanated from the national assembly? When did the legislature finish work on this bill?

4. So when did the office of budget do their homework with regards the bill? Which homework?

5. What does student loan concern office of statistics?

lexy2014:


It seems u don't understand the questions I asked.

1. So what is the source of the funding?

2.what is the guarantee of repayment of the loans?

3. The bill emanated from the national assembly? When did the legislature finish work on this bill?

4. So when did the office of budget do their homework with regards the bill? Which homework?

5. What does student loan concern office of statistics?

Chatgpt questions . What bot do you use?

budaatum:


It's actually being filled by immigrants from Europe, especially non-EU, and from Nepal, Kazakhstan and South Africa.

Indians and Pakistanis immigrants tend to go to school where they learn to become UK prime minister.

Nepal, SA, etc... That's insightful.
Indeed, Indians and Pakistanis tend to gravitate towards the STEM fields and the corporate world OR go into entrepreneurship.

When there's no 100% assurance of job upon graduation, how do they expect student to payback the loan

lexy2014:


Were will the money for the loan come from and is the guarantee of repayment of the loans?

Go and read the law for answers to all your questions.

greatiyk4u:
Good one.
Where will the fund be sourced from?


Tinubu keeps signing whatever Gbaja ask him to sign without detailed plans of execution.

Were you there to confirm or just typing through your nose?

bdon12:

Bro,it passed 2nd reading may 25th,was tinubu in power may 25th?
I mean its a good thing tinubu didnt throw d bill away,bt dont forget d person that used his influence to make it go through house of reps without any hiccups. This is buhari weldone ,not a tinubu.
I giv it to tinubu for d subsidy thing although it could hav been handled better

Do you know it was Gbaja that sponsored the bill?, e get why. Buhari could not be borrowing for subsidy and infrastructure, yet grant students loan, where is the money?. It's a good thing the bill was accelerated at the tail-end of buhari's govt so that it could kick-start early with the new govt.

seunmsg:


Go and read the law for answers to all your questions.

Since you read the laws, then you shouldn't have any problems answering the question.

Were will the money for the loan come from and is the guarantee of repayment of the loans?

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

Low IQ, you think say na Obi sign the bill. This is Tinubu, you'll be surprised how he will get the money back.

klawaaa:
I don't know how some fools compare this mad man called PBAT with the likes of Awos and OBJ. Free education was what the current old elites enjoyed with more opportunities as students and graduates.

Free education like in the US, Canada or where? When your mama dey born pikin like pigs dem no tell am? How dare you compare the population of the old western region where free education was provided to the 200 million people of Nigeria today?

sonnie10:

Chatgpt questions . What bot do you use?

Are u finding it difficult answering the questions?

1. So what is the source of the funding?

2.what is the guarantee of repayment of the loans?

3. The bill emanated from the national assembly? When did the legislature finish work on this bill?

4. when did the office of budget do their homework with regards the bill? Which homework?

5. What does student loan concern office of statistics?

I JUST HOPE THIS IS DONE WITH TRANSPARENCY AND FAVORITISM AND TRIBALISM WONT HINDER THIS GOOD POLICY.....COS THIS IS NIGERIA AND I KNOW HOW THINGS RE DONE.

BUT SHOULDNT WE BE LOOKING AT REDUCING UNEMPLOYMENT TO THE BEAREST MINIMUM BEFORE WE TALK ABOUT THIS STUDENT LOAN

WELL THIS IS JUST MY SUGGESTION

Students Loans had been existing in many African countries including South Africa. The idea is that Government with appropriate some amount of money into the scheme where an indegent students can takes loan to finance his education. After graduation and he secured a jobs either with Government, multi nationals or private firms he would be paying back the loan. It is interest free loan but the beneficiary has to pay back. The mindset of taking the loan and don't want to pay back should be jettisoned because you can't run away it is a deducted at source by your employers and pay directly to Government coffers.

It is a welcome development I think this will help so many people that couldn't attained/ access tertiary education or dropped out. With this educational loans it has solved the problem once and for all.

In early 2000 I was opportune to had work with an experimental Marketing Communication company fully owned by some South Africans. One of our bosses then was a son of a South African Retired solider. He said he used the students loans to study in the university. So when he was employed by the experiential Marketing Communication company headquarters in South Africa he was transfered to Nigeria to Head Nigeria office as the General Managers.

On monthly basis, he writes letter via an email to the company HQ because that is where the salary is been paid to his designated bank. He usually instructed the bank based in SA to pay student loans board in SA certain amount of money as a repayment of the loan granted him while he was schooling in SA.

Nigeria has the resources and if properly managed it would reduce school dropped out because of lack of funds to go to school.

leanonme82:

Higher education cant be free? Professors are not free.

Lets start with Primary & Secondary Schools first

blaise26abj:


Everything should be free since we practice a socialist system . In fact , Tinubu should come and feed you in your sitting room . Lazy youth

UK that has Free Primary & Secondary Schools is not a socialist system.
Somebody need to explain simple things to you?
Slow Poke.

Raskimonojendor:

And they are in large numbers.

When I was at OAU, the number of student from poor homes was extremely high. They even came to OAU because of the cheap fees and accommodation costs, yet they were still struggling. I borrowed quite a few number of colleagues money to get by.

Awo Hall was the place for the poor.

The Hall will take care of you.

Great Ife!

7upnigeria:


Low IQ, you think say na Obi sign the bill. This is Tinubu, you'll be surprised how he will get the money back.

OK. But your throwing tantrums doesn't show a matured mind.

lexy2014:


Are u finding it difficult answering the questions?

1. So what is the source of the funding?

2.what is the guarantee of repayment of the loans?

3. The bill emanated from the national assembly? When did the legislature finish work on this bill?

4. when did the office of budget do their homework with regards the bill? Which homework?

5. What does student loan concern office of statistics?

The same way subsidy was funded
The same way the National Assembly is funded

Loans have no guarantee for repayment. That is why there is a word like default in loan agreement

There is a process of bill becoming law. Not all bill will become law. The ones that become law were deliberately considered and voted.

The office of budget and statistics has the responsibility to work on cost of any bill before it is signed.

The relationship between federal student loan and office of budget and statistics is centered on feasibility of funding as the fund comes from the federal government.

I am not a Tinubu supporter but he is just replicating what works in civilized countries.

In the UK, it used to be free money a.k.a student grants until the Govt changed it to student loans.

Tinubu and Gbajabiamila both studied in America where they also have student loans meaning that coming from a poor family is no reason to drop out of or not pursue university education to better your life as their responsible Governments know that with a University education, your life chances and future job prospects are bettered leading to increased Tax revenue for the Government. (A win win situation).

In the UK model, you get a student loan for your 3 year Uni study and the loan covers both feeding/ maintenance and the uni tuition fees. You don't have to pay back the loan until you start earning above a pre-set minimum salary and the interest rate on the loans are very low. Before you know it you will have repaid it all to the Government owned Students Loan company without any financial stress.

In the UK, for some courses e.g ACCA (for which you can also get a students loan) , you don't necessarily need to have any academic qualifications 'cos you can start the course going in via the Mature Student Entry Route (MSER) as long as you are over the age of 21 but once you start the course, you must pass some of the lower level exams within a pre-set period before further progression in the course is permitted.

Also, if you are given a student loan for a 3 year degree in the UK and you fail the exams at the end of year one or year 2, your student loan will be suspended whilst you are repeating the year and will not be re-instated until you pass the repeat year with your own money.

All Nigerian students should take advantage of this students loan offer even if their parents can afford to sponsor them as this will relieve the financial pressure on their parents.

The law will still stand even if the tribunal dethrones Tinubu as the bill has now been signed into Law.

Calling all serious minded students who needed a lifeline to pay their Tuition fees whilst at Uni.

This is your chance to at least benefit something from Nigeria.

Well nice one from jagaban. He's trying to package himself in the eyes of Nigerians. The Presidential election tribunal is still in court and by so doing signing of crucial bills will make many Nigerians feel ok with his govt and forget if the election was rugged or not.
What the youths actually need is more of jobs than students loan. Sooner or later subsidy removal will be declared on the tertiary institutions and there won't be subsidization of school fees in our Federal institutions since students can afford to take a loan to pay for the school fees.

Also, this loan will also tie you up as if you have already signed a bond with the govt. You can't even leave the country without offsetting your loan because your information will be shared across board.

Lastly, not the average targeted youths will benefit from this loan due to our corrupt way of life. You will start seeing politicians submitting names on behalf of tertiary institutions and Ministry of Education.

ManWater:

OK. But your throwing tantrums doesn't show a matured mind.

No vex

klawaaa:
I see people happy about this bill. For your information just know that there is going to be a hike in tuition and indirectly what this means is that those thieves who enjoyed free education want you to pay heavily to have the same.

What is the correlation with this and student fees?

If the loan is compulsory for everybody now, it’s another thing. But why should there increase fees for a loan that is optional?

Do you guys even think before talking?

Midastorch:


Lol.. My brother is still paying back in United Kingdom....

Who ask you?

They are talking about Nigeria, this one dey dey talk shiii.

What is the correlation between your quote and what the guy said?

Maybe you wan make dem know say your family member dey UK.

seunmsg:
This is a welcome development. Hopefully, all the hate filled obedients and their family members will not apply for the loan. God bless Mr. President.

Why not face the topic than being petty? Enough of hate filled politics from people like you and the other side too, kilode!!

Based on how long you've been on this forum, you cannot be less than 40 yet you are still exhibiting petty behaviour that should have been left for the junior ones. Please, exhibit some maturity.

sillybu aka the tribalist islamics renowned criminal and deflector.


This bill is a wash. There is nothing wrong in student loan, but don't put the carriage in front of the horse. He just likes to fraudulently deceive Nigerians. He could have paid, but because he has been watching cnn talk about student loan recently, the fraudulent criminal decided to use the format to deceive Nigerians, without doing more research and how impactful it will be.

Is school where you don't pay teachers, where the environment is not conducive, where there is hunger, better than agriculture, lower prices, etc.

The fraudulent criminal is also highly naive. No be small thing. The fake lagos builder is being exposed in all manners of leadership.

ManWater:
This is good.
But they can as well call it Scholarship because no student will pay back a loan.

how many loan App you dey owe?. 100% agree with you, they go arrest tire

LegendHero:


Source: https://www.vanguardngr.com/2023/06/breaking-president-tinubu-signs-students-loan-bill/

From day one, I start running. Day 2, I keep running. Day 3, I continue running. Day 4...




We learn every day.

femisplash:

Do you know it was Gbaja that sponsored the bill?, e get why. Buhari could not be borrowing for subsidy and infrastructure, yet grant students loan, where is the money?. It's a good thing the bill was accelerated at the tail-end of buhari's govt so that it could kick-start early with the new govt.

I giv it to gbaja ,exactly my point.GBAJA n buhari worked together on that.If buhari body Language was he wasnt interested d bill would hav been dead on arrival at house of reps...dont forget d present house of reps n senate is a rubber stamp one for buhari.

Tinubu had no input here jst d assent that gbaja again brought to his table...i giv it to gbaja n buhari