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Nairaland Forum / Nairaland / General / Politics / President Tinubu Signs Student Loan Bill Into Law (Pictures) (44837 Views)
President Tinubu Signs Data Protection Bill / Details Of The Student Loan Bill Signed By President Tinubu / President Tinubu Signs Electricity Act 2023 Into Law (2) (3) (4)
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Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by Skyehigher1: 8:23pm On Jun 12, 2023 |
Thank you Mr President 2 Likes |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by XAUBulls: 8:24pm On Jun 12, 2023 |
budaatum:The Indians and Pakistani will quickly fill up those handy and farm work roles. ![]() |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by ManWater: 8:28pm On Jun 12, 2023 |
Jeezuzpick: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. |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by MichaelSokoto(m): 8:29pm On Jun 12, 2023 |
Harfisco:na only Obi partake in d election? pesin wey una claim say carry 3rd? why not face ur 2nd runner up na... Atiku? ![]()
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Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by budaatum: 8:34pm On Jun 12, 2023 |
XAUBulls: 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. 1 Like |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by lexy2014: 8:34pm On Jun 12, 2023 |
sonnie10: 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? 1 Like |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by sonnie10: 8:51pm On Jun 12, 2023 |
lexy2014:Chatgpt questions . What bot do you use? 1 Like 2 Shares |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by XAUBulls: 8:55pm On Jun 12, 2023 |
budaatum: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. 1 Like 2 Shares |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by FIZZBEE: 8:56pm On Jun 12, 2023 |
When there's no 100% assurance of job upon graduation, how do they expect student to payback the loan |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by seunmsg(m): 8:59pm On Jun 12, 2023 |
lexy2014: Go and read the law for answers to all your questions. 2 Likes 1 Share |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by randymirrors(f): 9:03pm On Jun 12, 2023 |
greatiyk4u: Were you there to confirm or just typing through your nose? |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by femisplash: 9:12pm On Jun 12, 2023 |
bdon12: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. 1 Like 1 Share |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by lexy2014: 9:13pm On Jun 12, 2023 |
seunmsg: 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? |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by 7upnigeria: 9:14pm On Jun 12, 2023 |
ManWater: Low IQ, you think say na Obi sign the bill. This is Tinubu, you'll be surprised how he will get the money back. |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by amaridigital(m): 9:16pm On Jun 12, 2023 |
klawaaa: 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? 1 Like 1 Share |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by lexy2014: 9:19pm On Jun 12, 2023 |
sonnie10: 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? |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by benqo01(m): 9:34pm On Jun 12, 2023 |
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 |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by roscoman: 9:35pm On Jun 12, 2023 |
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. 1 Like 1 Share |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by chuose: 9:37pm On Jun 12, 2023 |
leanonme82:Lets start with Primary & Secondary Schools first blaise26abj:UK that has Free Primary & Secondary Schools is not a socialist system. Somebody need to explain simple things to you? Slow Poke. 1 Like 1 Share |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by HBB1(m): 9:40pm On Jun 12, 2023 |
Raskimonojendor: Awo Hall was the place for the poor. The Hall will take care of you. Great Ife! |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by ManWater: 9:43pm On Jun 12, 2023 |
7upnigeria:OK. But your throwing tantrums doesn't show a matured mind. |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by sonnie10: 9:50pm On Jun 12, 2023 |
lexy2014: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. 1 Like 1 Share |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by Ilekokonit: 9:50pm On Jun 12, 2023 |
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. 2 Likes 2 Shares |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by klemony: 10:21pm On Jun 12, 2023 |
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. 1 Like |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by 7upnigeria: 10:39pm On Jun 12, 2023 |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by LegendHero(m): 11:18pm On Jun 12, 2023 |
klawaaa: 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? |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by BabaIbo: 11:20pm On Jun 12, 2023 |
Midastorch: 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. |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by yewit37486: 11:28pm On Jun 12, 2023 |
seunmsg: 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. |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by viodemus: 12:04am On Jun 13, 2023 |
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. |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by ALLNIGERIANSMAD(m): 12:07am On Jun 13, 2023 |
ManWater:how many loan App you dey owe?. 100% agree with you, they go arrest tire |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by soojar(m): 1:49am On Jun 13, 2023 |
LegendHero: From day one, I start running. Day 2, I keep running. Day 3, I continue running. Day 4... We learn every day. |
Re: President Tinubu Signs Student Loan Bill Into Law (Pictures) by bdon12: 2:28am On Jun 13, 2023 |
femisplash: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 |
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