A lot of students may not be able to repay their student loans. For the student loan project to survive, the government has to create more jobs. To achieve this, the government needs to take certain steps, such as:

1. Supporting businesses owned by Nigerian citizens
2. Reducing business policies for start-ups and existing companies.
3. Lowering business levies
4. Providing loans for citizen-owned businesses
5. Increasing the minimum wage.
6. Ensuring that 90% of the staff in foreign companies are Nigerians.
7. Controlling the transport system by:
i. Purchasing more BRT buses
ii. Acquiring all commercial buses in Nigeria at a low rate and hiring their drivers as government drivers.
iii. Making it easier to top up BRT cards by allowing top-ups in grocery stores.
iv. Creating bus stations equipped with waiting areas and display boards.
v. Ensuring that the arrival time of buses and trains is available on google map.
vi. Reducing bus fares temporarily to entice car owners to try BRT buses and other buses acquired by government. Car owners will get addicted to going on buses after they discover how comfortable it is. This will reduce the cars on the road.
vii. Creating underground railways and purchasing more trains.

Actually, a lot of student can and will repay the loans.

chatinent:
Actually, a lot of student can and will repay the loans.

In less than two years you will understand what I wrote. If nothing is done to reduce the rate of unemployment, the student loan project will not survive.

They know this. Some Wil many will not but the fact that not paying the loan will hinder u from accessing any other loan in future makes it a good one for me.


Ur opinion are good but if u haven't passed thru schools u won't know the struggle some parent go thru to see their wards thru the process.

Student loan is a good move.

princemillla:
They know this. Some Wil many will not but the fact that not paying the loan will hinder u from accessing any other loan in future makes it a good one for me.


Ur opinion are good but if u haven't passed thru schools u won't know the struggle some parent go thru to see their wards thru the process.

Student loan is a good move.

I am not against the student loan. The things I listed are very easy for government to do. If they add it to their projects it will life easier for everyone. If there is enough jobs, students can work part-time to pay back their loans. Sometimes, it is good for us to let our opinions out. Somebody close to the president might see this and take one or two things from it and advice the president to implement it.

chatinent:
Actually, a lot of student can and will repay the loans.

They ought to when time comes but I don't see that happening. The leaders who signed this bill into law schooled for free but paid no one a dime so i don't think the averagely greedy Nigerian will rush to put more lootables in the coffers of govt officials who never repaid a dime. It is largely a paper based initiative.

Merry100:
A lot of students may not be able to repay their student loans. For the student loan project to survive, the government has to create more jobs. To achieve this, the government needs to take certain steps, such as:

If your argument is that people won’t pay back student loans, then what gave you the assurance that people won’t abuse what you opined. Let me tell you how Nigerians can game the system for what you proposed. I’m speaking like a spoiler here.

1. Supporting businesses owned by Nigerian citizens

If government support business, people will just use the money for other things and you won’t see the benefit of what they gave them in almost 50% of the businesses. Example is SureP and etc., Lot of people collected the money and used it for other things and the effect is not felt on the business like the government planned.

2. Reducing business policies for start-ups and existing companies.

3. Lowering business levies

This dosent need any investment by government. It’s just a policy.

4. Providing loans for citizen-owned businesses

Same thing you said will happen to student loan will happen to this too. People collect the loan and not pay back and still spend it on something else not related to businesses. Some can even use it to run abroad.

5. Increasing the minimum wage.

Ghost worker will suck most of the increase.

6. Ensuring that 90% of the staff in foreign companies are Nigerians.

It will reduce foreign investors because they don’t have freedom of choice.

7. Controlling the transport system by:
i. Purchasing more BRT buses
ii. Acquiring all commercial buses in Nigeria at a low rate and hiring their drivers as government drivers.

The drivers will continue to lie that the bus got spoilt and they will be siphoning money from the government. Some might even elope with the bus and sell it and runaway. Some will use it for road side hustle and game the go ember.

iii. Making it easier to top up BRT cards by allowing top-ups in grocery stores.
iv. Creating bus stations equipped with waiting areas and display boards.
v. Ensuring that the arrival time of buses and trains is available on google map.

This can be done. It’s a matter of policy and we have some of it in state like Lagos.

vi. Reducing bus fares temporarily to entice car owners to try BRT buses and other buses acquired by government. Car owners will get addicted to going on buses after they discover how comfortable it is.
vii. Creating underground railways and purchasing more trains.

Where will the government see money to create underground rail and what is he benefit? Why does a state like Ibadan or Abuja need underground rail for example?

LegendHero:


If your argument is that people won’t pay back student loans, then what gave you the assurance that people won’t abuse what you opined. Let me tell you how Nigerians can game the system for what you proposed. I’m speaking like a spoiler here.


If government support business, people will just use the money for other things and you won’t see the benefit of what they gave them in almost 50% of the businesses. Example is SureP and etc., Lot of people collected the money and used it for other things and the effect is not felt on the business like the government planned.



This dosent need any investment by government. It’s just a policy.


Same thing you said will happen to student loan will happen to this too. People collect the loan and not pay back and still spend it on something else not related to businesses. Some can even use it to run abroad.


Ghost worker will suck most of the increase.


It will reduce foreign investors because they don’t have freedom of choice.


The drivers will continue to lie that the bus got spoilt and they will be siphoning money from the government. Some might even elope with the bus and sell it and runaway. Some will use it for road side hustle and game the go ember.


This can be done. It’s a matter of policy and we have some of it in state like Lagos.



Where will the government see money to create underground rail and what is he benefit? Why does a state like Ibadan or Abuja need underground rail for example?

Already existing businesses will not decide to close down because of a loan and it is easy for government to collect back the money of the loan from them.

Merry100:

Already existing businesses will not decide to close down because of a loan and it is easy for government to collect back the money of the loan from them.

You don’t know what you are saying. There are several pre-existing businesses that the government give loans to even currently. Some of them siphon it and japa.

Imagine you have a business that do 1million revenue and suddenly you got a loan of like 10million. If you have spirit of thievery in you, all you just need to do is use the 10milli for UK visa and japa. Or even remain in Nigeria, allocate the finance to something else then lie that your business went down the drain.

During the Covid, all those SBA type grant FG gave to businesses went down the drain for most businesses. They just spent it anyhow.

Even the small 10k trader moni loan that time, people fail to pay back let alone those who will get 1million loan.

Lastly, what I just want you to know is that, no matter how clean a government policy is, people will try to game it. But that shouldn’t stop government from doing it, they just need to make sure they can reduce the loophole to like 10-15%.

LegendHero:


If your argument is that people won’t pay back student loans, then what gave you the assurance that people won’t abuse what you opined. Let me tell you how Nigerians can game the system for what you proposed. I’m speaking like a spoiler here.


If government support business, people will just use the money for other things and you won’t see the benefit of what they gave them in almost 50% of the businesses. Example is SureP and etc., Lot of people collected the money and used it for other things and the effect is not felt on the business like the government planned.



This dosent need any investment by government. It’s just a policy.


Same thing you said will happen to student loan will happen to this too. People collect the loan and not pay back and still spend it on something else not related to businesses. Some can even use it to run abroad.


Ghost worker will suck most of the increase.


It will reduce foreign investors because they don’t have freedom of choice.


The drivers will continue to lie that the bus got spoilt and they will be siphoning money from the government. Some might even elope with the bus and sell it and runaway. Some will use it for road side hustle and game the go ember.


This can be done. It’s a matter of policy and we have some of it in state like Lagos.



Where will the government see money to create underground rail and what is he benefit? Why does a state like Ibadan or Abuja need underground rail for example?

I don't understand most of the things you wrote. The drivers will continue to lie, this cannot work, that cannot work. Are you saying Nigeria is hopeless? All these things can be implemented and monitored.

Some of the policies put in place are making it difficult for citizens to create businesses and compete with foreign companies.

Merry100:

I don't understand most of the things you wrote. The drivers will continue to lie, this cannot work, that cannot work. Are you saying Nigeria is hopeless? All these things can be implemented and monitored.

Some of the policies put in place are making it difficult for citizens to create businesses and compete with foreign companies.

Well I played the spoiler just like you played spoiler to the student loan.

If your own proposed policy can work, why can’t the student loan work?

Finally, what is the essence of this thread?

LegendHero:


Finally, what is the essence of this thread?

To make himself feel good I think, and I am delighted you very well helped him.

LegendHero:


Well I played the spoiler just like you played spoiler to the student loan.

If your own proposed policy can work, why can’t the student loan work?

Finally, what is the essence of this thread?

This is my timeline, you can also say what you want on yours.

Omo.

Students loan is a great idea.

Loan exposure also gives students early advantage on how to manage money.

Some can also enguage in side hustles like sewing,shoe making and other profitable activities.

I see a lot of students building the companies of their dreams like Bill Gates, Steven Jobs who were given opportunities when they were teenagers.

LegendHero:


If your argument is that people won’t pay back student loans, then what gave you the assurance that people won’t abuse what you opined. Let me tell you how Nigerians can game the system for what you proposed. I’m speaking like a spoiler here.


If government support business, people will just use the money for other things and you won’t see the benefit of what they gave them in almost 50% of the businesses. Example is SureP and etc., Lot of people collected the money and used it for other things and the effect is not felt on the business like the government planned.



This dosent need any investment by government. It’s just a policy.


Same thing you said will happen to student loan will happen to this too. People collect the loan and not pay back and still spend it on something else not related to businesses. Some can even use it to run abroad.


Ghost worker will suck most of the increase.


It will reduce foreign investors because they don’t have freedom of choice.


The drivers will continue to lie that the bus got spoilt and they will be siphoning money from the government. Some might even elope with the bus and sell it and runaway. Some will use it for road side hustle and game the go ember.


This can be done. It’s a matter of policy and we have some of it in state like Lagos.



Where will the government see money to create underground rail and what is he benefit? Why does a state like Ibadan or Abuja need underground rail for example?

Someone I knew took the Farmers Loan under NiSRAL and use the money to Japa from the country...


The money's meant to support him and create Job for people that will work under him in his farm buh what happen he carry the money go another man's land....



Go see people doing Co Operative because of Bank of Agriculture in other to proccure Agric loan after taking the Loan they start to look for ways not pay back and start claiming herdsmen entered dere Farm na format wey most of dem dey use now be that.....

Merry100:

In less than two years you will understand what I wrote. If nothing is done to reduce the rate of unemployment, the student loan project will not survive.

I understand what you wrote. I don't say it's false. I am only countering the fact that some people can actually repay.

90% of Nigerians (students and none students) are indebted to all the loan apps we have in Nigeria already. Now you telling me that they will repay back the student loan, is like you telling me river naija will stop flowing on Monday morning. Wertin them wn take repay the loan? Is it urgent 2k 2k students use in surviving, that they will use in repaying the loan?

Student loan is the second celebrated dumbest idea ever.
You now that is celebrating student loan, are you a student? Are you planning to be a student.
Imagine the terms and conditions set for the poor masses that are celebrating student loan, oh my goodness.

Omo poor people they suffer sha

inoki247:



Someone I knew took the Farmers Loan under NiSRAL and use the money to Japa from the country...


The money's meant to support him and create Job for people that will work under him in his farm buh what happen he carry the money go another man's land....



Go see people doing Co Operative because of Bank of Agriculture in other to proccure Agric loan after taking the Loan they start to look for ways not pay back and start claiming herdsmen entered dere Farm na format wey most of dem dey use now be that.....

budaatum:


To make himself feel good I think, and I am delighted you very well helped him.

LegendHero:


Well I played the spoiler just like you played spoiler to the student loan.

If your own proposed policy can work, why can’t the student loan work?

Finally, what is the essence of this thread?

You know the problem with you guys is after countering peoples points you end up not offering a solution, the same way you guys have faulted the OP's points is the same way the student loan and every other decision Tinubu has made and will make is already faulted, I am not in support of the OP neither am I in support of Tinubu's decisions and what you guys are jumping up and down for in support of Tinubu's decisions.

If you read your comments again and try to see reasons why the OP is writing all these in the first place, it clearly points to one thing "CORRUPTION" so even if Tinubu likes, let him use all the budget of USA and the entire Europe combined to pass any bill or try to implement any policy, it will fail because you don't put the cart before the horse.

Nigerian and Nigerians are suffering not because of lack of policies or bills or infrastructures but largely because of corruption, that is why I laughed when the removal of subsidy was implemented, that is not the complete solution, anywhere the money is diverted to they will go after it to steal it.

Any government in the world that is not ready to fight corruption has failed even before it starts, don't come here with the Emefiele saga, that is political vendetta, if not the likes of Hadi Sirika, Malami and so on would have been arrested by now, as long as Tinubu does not fight corruption his government has failed, his SGF still has corruption case with Benue state government, Gbajabiamila still has allegations of corruption then now Akpabio still has numerous cases and yet these are the people forming his government.

You might say, well they are innocent until found guilty by a court, well I will also remind you that most of them are the same people handling Nigerian affairs in the past 10 years or more and we can see the result in the country, for me Tinubu is just a joker and his government is a complete joke.

And if you tell me that corruption cannot be fought in Nigeria, then why should I happy that we have a government that cannot fight corruption if I know that every decision they take will be destroyed by corruption in the end and make things worse for the country, then why do we have a government in the first place, if Tinubu or any leader is not ready to fight corruption they should resign because they will only end up wasting Nigerian's resources and Time just like Jonathan and Buhari..

And when I mean fighting corruption it is not what EFCC is doing chasing yahoo boys up and down, they should start from themselves and people around them and if you say corruption is here to stay in Nigeria then what is there to rejoice about any bill or policy being passed into law if in the end it will fail because of corruption, I will rather have a government fighting the root cause"corruption" than have a government passing policies and bills that will end up failing because of the same corruption.

It happened in China, India, Ghana, Kenya and some other countries, go and check how those countries have improved compared to Nigeria, we are human beings just like them, So Tinubu for me is just wasting Nigeria's time and resources.

Unless the goverment is not interested in recovering its loan,if not its actually much easier now with bvn and the national identity card to recover all loans granted to such students.
U should remember that before being granted such loans,a verification of address and the above aforementioned documents will be made,so once the person starts working automatic deductions willl be made from the salary and even if the person decides to travel the system at the airport willl automatically flag the individual.
Its only if there is connivance with those at the loans board that loaned sums can be lost,

One naira loan you won't see. Know this and have peace

Brendaniel:


Nigerian and Nigerians are suffering not because of lack of policies or bills or infrastructures but largely because of corruption, that is why I laughed when the removal of subsidy was implemented, that is not the complete solution, anywhere the money is diverted to they will go after it to steal it.

This is where I see the error in your thinking, especially your "anywhere the money is diverted to they will go after it to steal it".

First, let's see where the money is actually coming from, it being a loan. From the loan taker, I presume you'd agree, and who will become a loan payer on graduation and securing a job. And it will, partly at least, be going to buy the education you pay for, after, I can assure you, lecturers have diverted some to their pay rise once loans start paying fees, and if there's any left after diverting some to admin fees (or corruption cost, if you'd like to call it that), to better infrastructure.

Now tell me what you would be doing if the money that you take as a loan to buy the education they are selling you is diverted so you don't get what you are now in debt for. Will you not complain, and even get off your ass and demand that it be diverted where it should be so you get what you borrowed to pay for? And if it's not diverted to give you what you pay for, would you pay the loan back? After all, if its not of sufficiently high enough quality, you are unlikely to get a job with it, and since no pay for you, no loan pay back, ba?

You see, when you buy quality education with the money that you borrowed, you will not be expecting or waiting for government to "create more jobs" or "take certain steps" for you, because the quality education that you borrowed to pay for will teach and empower you to take certain steps to create jobs for yourself and others.

As for all else you wrote, we have addressed yours and the ops concerns in numerous threads already that you can go read all over Nairaland, which is that instead of waiting for government to "take certain steps" and "create more jobs" like it is manna falling into your waiting mouth from heaven, loans will empower more to "take certain steps" to go up to the heavens and grab the manna for themselves By golly, we might even be so empowered to fight the corruption and diversions ourselves!

inoki247:



Someone I knew took the Farmers Loan under NiSRAL and use the money to Japa from the country...


The money's meant to support him and create Job for people that will work under him in his farm buh what happen he carry the money go another man's land....



Go see people doing Co Operative because of Bank of Agriculture in other to proccure Agric loan after taking the Loan they start to look for ways not pay back and start claiming herdsmen entered dere Farm na format wey most of dem dey use now be that.....

There are lots of people like this example. They are the same people always complaining about Nigeria.

Brendaniel:








You know the problem with you guys is after countering peoples points you end up not offering a solution, the same way you guys have faulted the OP's points is the same way the student loan and every other decision Tinubu has made and will make is already faulted, I am not in support of the OP neither am I in support of Tinubu's decisions and what you guys are jumping up and down for in support of Tinubu's decisions.

If you read your comments again and try to see reasons why the OP is writing all these in the first place, it clearly points to one thing "CORRUPTION" so even if Tinubu likes, let him use all the budget of USA and the entire Europe combined to pass any bill or try to implement any policy, it will fail because you don't put the cart before the horse.

Nigerian and Nigerians are suffering not because of lack of policies or bills or infrastructures but largely because of corruption, that is why I laughed when the removal of subsidy was implemented, that is not the complete solution, anywhere the money is diverted to they will go after it to steal it.

Any government in the world that is not ready to fight corruption has failed even before it starts, don't come here with the Emefiele saga, that is political vendetta, if not the likes of Hadi Sirika, Malami and so on would have been arrested by now, as long as Tinubu does not fight corruption his government has failed, his SGF still has corruption case with Benue state government, Gbajabiamila still has allegations of corruption then now Akpabio still has numerous cases and yet these are the people forming his government.

You might say, well they are innocent until found guilty by a court, well I will also remind you that most of them are the same people handling Nigerian affairs in the past 10 years or more and we can see the result in the country, for me Tinubu is just a joker and his government is a complete joke.

And if you tell me that corruption cannot be fought in Nigeria, then why should I happy that we have a government that cannot fight corruption if I know that every decision they take will be destroyed by corruption in the end and make things worse for the country, then why do we have a government in the first place, if Tinubu or any leader is not ready to fight corruption they should resign because they will only end up wasting Nigerian's resources and Time just like Jonathan and Buhari..

And when I mean fighting corruption it is not what EFCC is doing chasing yahoo boys up and down, they should start from themselves and people around them and if you say corruption is here to stay in Nigeria then what is there to rejoice about any bill or policy being passed into law if in the end it will fail because of corruption, I will rather have a government fighting the root cause"corruption" than have a government passing policies and bills that will end up failing because of the same corruption.

It happened in China, India, Ghana, Kenya and some other countries, go and check how those countries have improved compared to Nigeria, we are human beings just like them, So Tinubu for me is just wasting Nigeria's time and resources.

You're the one with the problem the OPs find fault in the intiative and brought in some suggestions also and frm his suggestion I also help him to bring out fault nd input the failure av seen so far from his suggestion wey no be dem say like buh first hand experience....

To you is good to find fault in other policy's but a sin to find in ur own suggestions also everything no be politics..



If you don't believe something and you believe it will fail what makes you think dere won't be failure in ur own suggestions too...


We don't know it all buh I just av to point out sharp practice av seen people doing with the suggestion his talking Abt....

budaatum:


This is where I see the error in your thinking, especially your "anywhere the money is diverted to they will go after it to steal it".

First, let's see where the money is actually coming from, it being a loan. From the loan taker, I presume you'd agree, and who will become a loan payer on graduation and securing a job. And it will, partly at least, be going to buy the education you pay for, after, I can assure you, lecturers have diverted some to their pay rise once loans start paying fees, and if there's any left after diverting some to admin fees (or corruption cost, if you'd like to call it that), to better infrastructure.

Now tell me what you would be doing if the money that you take as a loan to buy the education they are selling you is diverted so you don't get what you are now in debt for. Will you not complain, and even get off your ass and demand that it be diverted where it should be so you get what you borrowed to pay for? And if it's not diverted to give you what you pay for, would you pay the loan back? After all, if its not of sufficiently high enough quality, you are unlikely to get a job with it, and since no pay for you, no loan pay back, ba?

You see, when you buy quality education with the money that you borrowed, you will not be expecting or waiting for government to "create more jobs" or "take certain steps" for you, because the quality education that you borrowed to pay for will teach and empower you to take certain steps to create jobs for yourself and others.

As for all else you wrote, we have addressed yours and the ops concerns in numerous threads already that you can go read all over Nairaland, which is that instead of waiting for government to "take certain steps" and "create more jobs" like it is manna falling into your waiting mouth from heaven, loans will empower more to "take certain steps" to go up to the heavens and grab the manna for themselves By golly, we might even be so empowered to fight the corruption and diversions ourselves!

I'm sorry to say but everything you wrote here is complete rubbish, you still do not get my point, there are so many funded agencies like the one they are about to create for similar purposes, like NHIS, PENCOM, Police pensions fund, NDDC, PTDF,, BOI, NESRA and so on, ask your self have they functioned as they ought to? this is not about whether the education loan is a good idea or not, they failed and are still failing because of corruption, so why create more if you have not solved the root problem of the previous ones failing.

It is like a company opening more branches when the previous branches are failing because of corruption, this not about loan, subsidy or anything other than corruption because the reason why there is a subsidy in the first place is because of corruption, I expect any serious government to tackle that first before anything.

I was replying one guy here about the same thing, if you live in a house with a friend and that friend keeps stealing your money from you safe in the house, you think changing the location of the money would make him stop looking for it to keep stealing?

The best thing is to get rid of him from your house and you can keep your money anywhere in your house and have peace of mind, I like to tackle root causes of problems, Nigeria's own is corruption, the subsidy and loans the country is borrowing will not be there in the first place if the corruption is killing the country, the student loan will also be effective when implemented without corruption, take a look at NDDC and other agencies designed to help the people, what have they achieved in the last decade or more, any thing Tinubu is doing without fighting corruption first is just putting the cart before the horse...

Loan should be given to graduates during NYSC POP. Not for undergraduates who might not graduate thereafter.

inoki247:




You're the one with the problem the OPs find fault in the intiative and brought in some suggestions also and frm his suggestion I also help him to bring out fault nd input the failure av seen so far from his suggestion wey no be dem say like buh first hand experience....

To you is good to find fault in other policy's but a sin to find in ur own suggestions also everything no be politics..



If you don't believe something and you believe it will fail what makes you think dere won't be failure in ur own suggestions too...


We don't know it all buh I just av to point out sharp practice av seen people doing with the suggestion his talking Abt....

Oga with corruption in the system it is going to fail, this is not curse, this is the reality we are facing, call a spade a spade, this is not politics of anything, take a look at all the agencies created similar to this one, NDDC, NESRA, BOI, NHIS and so on, as long as Tinubu does not tackle corruption ruthlessly, forget it! it has failed.

Brendaniel:


Oga with corruption in the system it is going to fail, this is not curse, this is the reality we are facing, call a spade a spade, this is not politics of anything, take a look at all the agencies created similar to this one, NDDC, NESRA, BOI, NHIS and so on, as long as Tinubu does not tackle corruption ruthlessly, forget it! it has failed.

Is going to fail cause of corruption accepted but frm his suggestion I just brought out an example that what
he his suggesting will also fail cause of people corruption also taking money from FG using it to Japa and leave Nigeria I guess to u isn't corruption..


Or taking Loan from Bank of Agriculture and lying that herdsmen came to raid ur farm isn't corruption...

Or the Director in Nirsral that will disburse your Loan asking you for 20 percent of the money so it will be approved are not corruption....

What I'm saying is If we keep shouting this will fail this will fail your suggestions might also fail cause everybody including the citizens and the politicians and the Masses are all looking for loopholes from the Policy's....

Brendaniel:


I'm sorry to say but everything you wrote here is complete rubbish,...

You are very well welcome to your opinion.

Mine is that more people will be able to go to university to purchase an education that will empower more to "take certain steps" to "create more jobs" for themselves and you need not bother taking the loan if you do not need it.

The student loan bill is a plot by the Tinubu led FG t to stop funding tertiary education in Nigeria leading to the end all education subsidy.

Who do you think are the final beneficiaries of these moves, same criminals who will end up looting the funds meant to fund the tertiary education.

What exactly is the role of the Nigerian FG if they relinquish every responsibility to the masses? What sacrifice has the political class made in all these mess? Have their allowances being reduced? Any efforts at stopping the lootings?

Do you know Students will now access education with a loan at par with the private universities (500K+ per session)?

How will the children of the poor attend tertiary institution?....hush before you mention student loan. The student loan bill is only good on paper, it is not sustainable in the long term in a country with an unemployment rate of 35%. Who will steward the loans?... another looting avenue opened for the Abuja boys.

Over time, it will become obvious it can’t work, corruption will make a mess of it…… the bureaucracy that will be associated with assessing the loan will be another mess.

And by the time the dust settles and has become a confirmed failure, education subsidy will be gone for good and only the big boys will end up with tertiary education

inoki247:



Is going to fail cause of corruption accepted but frm his suggestion[b] I just brought out an example that what
he his suggesting will also fail[/b] cause of people corruption also taking money from FG using it to Japa and leave Nigeria I guess to u isn't corruption..


Or taking Loan from Bank of Agriculture and lying that herdsmen came to raid ur farm isn't corruption...

Or the Director in Nirsral that will disburse your Loan asking you for 20 percent of the money so it will be approved are not corruption....

What I'm saying is If we keep shouting this will fail this will fail your suggestions might also fail cause everybody including the citizens and the politicians and the Masses are all looking for loopholes from the Policy's....

Oga, read my first comment again from the beginning, I never supported the OP.... Oga everything you just said is still corruption, but you see fighting corruption is easier from the TOP, there is no where in the world that fighting corruption from the TOP failed to benefit the citizens,is it China, India, Ghana and so on, once you have done that, most of the examples you gave here will not even happen.

That is why the private sector in Nigeria is very hard for citizens to defraud and even if it happens it is very rare, that's because the leaders of the private sector are held accountable for everything that happens in it, so excuse is not an option to give.

Till the government starts running itself with high accountability, forget it, it is just huge joke, the reason why countries China, Canada and on are making progress is because of high accountability, the higher the accountability of any government the better the country is, the lower it is the worse the country..

budaatum:


You are very well welcome to your opinion.

Mine is that more people will be able to go to university to purchase an education that will empower more to "take certain steps" to "create more jobs" for themselves and you need not bother taking the loan if you do not need it.

Let me just tell you the truth, with corruption involved, it might be highly counter productive, NDDC is a case study, might make people poorer and commit suicide, there are so many things I want to say about this student loan but I will choose to reserve my comment for now, I wanted to open a thread which I might still open later on to address it because the student loan might end up becoming almost as useless as the P in psychology, I just pray it doesn't....