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Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU - Politics - Nairaland

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Details Of The Student Loan Bill Signed By President Tinubu / President Tinubu Signs Student Loan Bill Into Law (Pictures) / Buhari Pursued "RUGA" Vigorously Yet Drags Feet On Funding Universities (2) (3) (4)

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Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 7:03pm On Dec 06, 2022
By Qosim Suleiman

ASUU condemned the introduction of a student loan bill passed by the National Assembly, saying it is a dangerous initiative that has failed in other climes.

The Academic Staff Union of Universities (ASUU) has accused the Nigerian government of attempts to 'systematically' wash its hands off the funding of public universities with the introduction of a student loan bill by the National Assembly.

Both chambers of the National Assembly have passed a student loan bill that was first introduced to the house by the Speaker of the House of Representatives, Femi Gbajabiamila, in 2016.

If assented to by President Muhammadu Buhari, the government would be mandated to establish an education bank which the bill proposes would provide education loans to students.

But ASUU, in a statement by its President, Emmanuel Osodeke, a Professor of Soil Science, condemned the move, describing it as an attempt to make university education beyond the reach of poor Nigerians.

In the statement released after its quarterly National Executive Council (NEC) meeting held at the University of Calabar at the weekend, ASUU claimed the education loan being proposed has failed in other countries where it was introduced.

"We find it troubling that the proponents of the policy are so eager to foist it down the throat of Nigerians when they have done more to push the working people of this country into poverty through sheer incompetence in handling the economic fortunes of our nation," the statement reads in part.

On salary

The union rejected what it described as the government's "arrogant insistence on handing down an award" instead of a bargained salary package for its members. It also accused the government of attempts to turn the relationship with the workers inito a master-slave situation.

The union also condemned the government's continued withholding of the academics' salaries for seven and a half months, saying it would not accept the alleged casualisation of its members' work through the payment of October salaries on a pro-rata basis.

"The union calls the attention of Nigerians to the lingering issue of renegotiation of the 2009 FGN-ASUU Agreement which was the initial issue that led to the just suspended strike action. More worrisome is the increasing anti-labour posture of the government, suggestive of attempts to abrogate the principle of collective bargaining agreement. NEC rejects in totality the government's arrogant insistence on handing down an award instead of a bargained salary package," the statement added.

ASUU, therefore, called on Nigerians to prevail on the government to urgently address all outstanding issues between it and the union in the interest of the students and the country.

"Finally, NEC appreciates the resilience of our members and their families. Their understanding and perseverance, in the face of hardship and provocation occasioned by government's intransigence and insensitivity, shall be rewarded by posterity."

Backstory

The industrial dispute between ASUU and the Nigerian government, which has resulted in incessant strikes that characterised the country's university system has ushered in conversations about the funding of the universities.

Government officials have on different occasions stated that the government cannot continue to fund the universities alone but ASUU has rejected this.

At a recent event, the registrar of the Joint Admissions and Matriculation Board, Is-haq Oloyede, suggested a model similar to the National Health Insurance Scheme where the government can help indigent individuals pay a certain percentage of the school fees after they must have subscribed to the initiative.


Source: https://www.premiumtimesng.com/news/top-news/569219-student-loan-bill-attempt-to-abandon-public-funding-of-nigerian-universities-ASUU.html

Front page: Lalasticlala Mynd44

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Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 7:17pm On Dec 06, 2022
These ASUU guys protest too much. Only the status quo is unacceptable to them. How dare parents and students take up the bulk of their education cost when the tax payer is there right? I wonder why an economist isn't speaking for ASUU in these matters. They never bothered to explain how student loans would make it harder for poor students to go to school. They also never explained why and who in the government advocated for a stop to subsidized education.

Student loans would make it easier for more people to go to school. The issue is schools may begin to charge more knowing the government will increase the loan amounts to compensate. This is what happens in America because these loans aren't dischargeable via bankruptcy. I'm honestly amazed they believe demand for universities will shrink after more loans are factored into the equation.

1 Like

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by saintopus(m): 7:27pm On Dec 06, 2022
Person take loan to be paid back by the person, é dey vex ASUU.
Wetin con concern loan wey I take with ASUU qwanuuu!!!

7 Likes

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 7:38pm On Dec 06, 2022
saintopus:
Person take loan to be paid back by the person, é dey vex ASUU.
Wetin con concern loan wey I take with ASUU qwanuuu!!!

Lol, it's because the government won't endlessly increase the subsidies and they hate it. Right the students are irrelevant because the government is their main customer. They would rather charge the taxpayers than go to the students with increased prices that they'd have to Justify with better service.

4 Likes

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by tinsel: 8:08pm On Dec 06, 2022
Those supporting ASUU can now see their real color. Selfish

5 Likes

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Raheeqilmaktoom: 8:32pm On Dec 06, 2022
Are you clowns genuinely advocating for student loans? Even for going as far calling ASUU names? Nigerians really deserve what they get.

Student loan, take the American model, what's the end and ben for of it?

Poor guy takes a loan of 1.5m to study public admin, come out into what? POS vending business to pay back a loan on a useless degree?

Coming out from University age 22, you starting life with an additional baggage of 1.5m you don't know how to offset. You spend the next number of years working (if you are opportuned to find work that is) just to repay the loan.

It's a pity Nigerian students are only interested in tiktok and Instagram. This is really sad.

The fact that a front runner in the election is calling it innovative model is even sadder.

Nigerian students, shine your eyes, no let people who have no stake in this country use you for experiment.

1 Like 1 Share

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Kayyy: 8:46pm On Dec 06, 2022
Raheeqilmaktoom:
Are you clowns genuinely advocating for student loans? Even for going as far calling ASUU names? Nigerians really deserve what they get.

Student loan, take the American model, what's the end and ben for of it?

Poor guy takes a loan of 1.5m to study public admin, come out into what? POS vending business to pay back a loan on a useless degree?



So government should continue to subsidize university education and at the same time fund the universities, pay ASUU, SSANU, non academic staffs , fund infrastructures in the universities, with what budget, have you been seeing tution prices for schools in the UK, USA and Canada recently ?, Do you realize college education is not for all even in the biggest economies in the world ?, And young students take loans and repay back many years after ?, Just look at what is currently going on the school that just raised school fees and the protest the students are carrying out currently, what do you prefer as the solution to all these issues ?

2 Likes

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Raheeqilmaktoom: 8:49pm On Dec 06, 2022
Blue3k:
These ASUU guys protest too much. Only the status quo is unacceptable to them. How dare parents and students take up the bulk of their education cost when the tax payer is there right? I wonder why an economist isn't speaking for ASUU in these matters. They never bothered to explain how student loans would make it harder for poor students to go to school. They also never explained why and who in the government advocated for a stop to subsidized education.

Student loans would make it easier for more people to go to school. The issue is schools may begin to charge more knowing the government will increase the loan amounts to compensate. This is what happens in America because these loans aren't dischargeable via bankruptcy. I'm honestly amazed they believe demand for universities will shrink after more loans are factored into the equation.

Seriously? People struggling to pay 80,000 tuition would gladly take loans of 1.5m to attend University?

It's not compulsory to defend every perversion pls.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by FreeStuffsNG: 8:50pm On Dec 06, 2022
Honestly, ASUU is not doing well at all . FG is beating them intellectually and in the court of public opinion.
There will be no central ASUU in years to come the way FG is tactically taking away the influence and reach of ASUU.

2 Likes

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 8:51pm On Dec 06, 2022
Raheeqilmaktoom:
Are you clowns genuinely advocating for student loans? Even for going as far ASUU names? Nigerians really deserve what they get.

Student loan, take the American model, what's the end and ben for of it?

Poor guy takes a loan of 1.5m to study public admin, come out into what? POS vending business to pay back a loan on a useless degree?

It's a pity Nigerian students are only interested in tiktok and Instagram. This is really sad.

The fact that a front runner in the election is calling it innovative model is even sadder.

Lol if you're taking those sorts of loans it shows you're desperate and economically illiterate. Nobody is forced into a college classroom. trades, tech jobs, and the military are options. Community College and transfer is also an option. A normal person would make sure their prospective careers would be able to pay for the loan.

Now let's get into the real issues of government-backed student loans. For starters it creates incentives for schools to constantly push prices up, they crowd out the private sector and they have a knack for encouraging dumb behavior. The last part in the sense.

Raheeqilmaktoom:


Seriously? People struggling to pay 80,000 tuition would gladly take loans of 1.5m to attend University?

It's not compulsory to defend every perversion pls.

Student loans are paid after the student graduates or leaves school. Assuming they work and go to school they can pay down loan early. It's not compulsory to complain without thinking. Remember having access to money means you go to school. Your ability to pay off the loans depends on your career and labor market.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Raheeqilmaktoom: 9:06pm On Dec 06, 2022
Blue3k:


Lol if you're taking those sorts of loans it shows you're desperate and economically illiterate. Nobody is forced into a college classroom. trades, tech jobs, and the military are options. Community College and transfer is also an option. A normal person would make sure their prospective careers would be able to pay for the loan.

Now let's get into the real issues of government-backed student loans. For starters it creates incentives for schools to constantly push prices up, they crowd out the private sector and they have a knack for encouraging dumb behavior. The last part in the sense.



Student loans are paid after the student graduates or leaves school. Assuming they work and go to school they can pay down loan early. It's not compulsory to complain without thinking. Remember having access to money means you go to school. Your ability to pay off the loans depends on your career and labor market.

Have you factrored in today's Nigeria? Or did you just googled student loan?

How many first class engineers are roaming the streets?

In other words and as said by ASUU, a way of stopping poor people from attending University.

If you(your candidate) has no idea how to improve an economy and open it up to jobs, he should Park. You don't improve the economy the economy by 'pegging' who and who attend universities and studies what.

Old man thinking we can't create jobs, let's reduce the number of job seekers, who does that, Jagaban.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 9:13pm On Dec 06, 2022
Raheeqilmaktoom:


Have you factrored in today's Nigeria? Or did you just googled student loan?

How many first class engineers are roaming the streets?

In other words and as said by ASUU, a way of stopping poor people from attending University.

If you(your candidate) has no idea how to improve an economy and open it up to jobs, he should Park. You don't improve the economy the economy by 'pegging' who and who attend universities and studies what.

Old man thinking we can't create jobs, let's reduce the number of job seekers, who does that, Jagaban.

Why did ignore the first response just to ask me rhetorical questions? If you're not economically illiterate you wouldn't take a loan for a career there's no demand for. That's foolish, to begin with. I also mentioned there's alternatives to a college education but you decided to go blind. Lol, we see the issue isn't about the loans for you it's about Tinubu. You assume I like him because I don't think loans are the devil.

Anyway improving the economy and providing loans are two different issues. His other economic policies will determine how vibrant the labor market is. If it's anything like Buhari's more increases unemployment and stagnant economic growth is the future.

2 Likes

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Raheeqilmaktoom: 9:20pm On Dec 06, 2022
Blue3k:


Why did ignore the first response just to ask me rhetorical questions? If you're not economically illiterate you wouldn't take a loan for a career there's no demand for. That's foolish, to begin with. I also mentioned there's alternatives to a college education but you decided to go blind. Lol, we see the issue isn't about the loans for you it's about Tinubu. You assume I like him because I don't think loans are the devil.

Anyway improving the economy and providing loans are two different issues. His other economic policies will determine how vibrant the labor market is. If it's anything like Buhari's more increases unemployment and stagnant economic growth is the future.

What careers should be in demand in Nigeria (not global trend), get the number of jobless 1st class and 2:1 graduates from those fields before we talk about the next thing.

Student loans in Nigeria is a literal way of telling people to stop aspiring to pursue what's out their league, just like ASUU said.

How do you improve the economy? More fake sectors (paper sectors) should be created at the expense of the real economy.

Tell me, how's the American system coming along.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by omonnakoda: 9:21pm On Dec 06, 2022
The real problem is that there has not been a public debate

Government in this case acts unilaterally and hands down a fait accompli acting as if only they have knowledge
They should have carried NANS and ASUU along.

How many people even knew this was in the offing
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Nobody: 9:25pm On Dec 06, 2022
saintopus:
Person take loan to be paid back by the person, é dey vex ASUU.
Wetin con concern loan wey I take with ASUU qwanuuu!!!
I wonder woooooo ! This pipu are very Hypocritically greedy tongue
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Softmirror: 9:32pm On Dec 06, 2022
Raheeqilmaktoom:
Are you clowns genuinely advocating for student loans? Even for going as far calling ASUU names? Nigerians really deserve what they get.

Student loan, take the American model, what's the end and ben for of it?

Poor guy takes a loan of 1.5m to study public admin, come out into what? POS vending business to pay back a loan on a useless degree?

Coming out from University age 22, you starting life with an additional baggage of 1.5m you don't know how to offset. You spend the next number of years working (if you are opportuned to find work that is) just to repay the loan.

It's a pity Nigerian students are only interested in tiktok and Instagram. This is really sad.

The fact that a front runner in the election is calling it innovative model is even sadder.

Nigerian students, shine your eyes, no let people who have no stake in this country use you for experiment.

WILL THE LOAN BE MANDATORY?
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by asanausana91: 10:08pm On Dec 06, 2022
ASSU is a selfish organisation that only think of themselves. What is wrong in giving students loan? Even Biden just did.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Raheeqilmaktoom: 10:24pm On Dec 06, 2022
Softmirror:


WILL THE LOAN BE MANDATORY?

Will people struggling to pay the present about 80,000 tuition be able to pay a tuition of 700k or more per annum?

How do they come? Either drop out from Unis or take the loan.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 10:29pm On Dec 06, 2022
The union rejected what it described as the government's "arrogant insistence on handing down an award" instead of a bargained salary package for its members. It also accused the government of attempts to turn the relationship with the workers inito a master-slave situation.

The union also condemned the government's continued withholding of the academics' salaries for seven and a half months, saying it would not accept the alleged casualisation of its members' work through the payment of October salaries on a pro-rata basis.

Lol, why do you think it's the taxpayer's job to pay you not to work? If you feel like a slave why don't any of you quit your jobs?
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Softmirror: 10:32pm On Dec 06, 2022
Raheeqilmaktoom:


Will people struggling to pay the present about 80,000 tuition be able to pay a tuition of 700k or more per annum?

How do they come? Either drop out from Unis or take the loan.

THE QUESTION IS, IS IT GOING TO BE MANDATORY?

MY REASON FOR ASKING THE QUESTION IS THE FACT THAT EVEN THE U.S.A WHICH SUCH IS PRACTICED, AS WELL AS SO MANY DEVELOPED COUNTRIES, ALOT LOT OF THEIR FIRMS AND COMPANIES HARDLY DEMAND FOR YOUR UNIVERSITY CERTIFICATE BEFORE GIVING YOU A HIGH PROFILING JOB. WHY IS UNIVERSITY EDUCATION SUCH A BIG DEAL IN UNDERDEVELOPED COUNTRIES?
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Raheeqilmaktoom: 10:37pm On Dec 06, 2022
Softmirror:


THE QUESTION IS, IS IT GOING TO BE MANDATORY?

MY REASON FOR ASKING THE QUESTION IS THE FACT THAT EVEN THE U.S.A WHICH SUCH IS PRACTICED, AS WELL AS SO MANY DEVELOPED COUNTRIES, ALOT LOT OF THEIR FIRMS AND COMPANIES HARDLY DEMAND FOR YOUR UNIVERSITY CERTIFICATE BEFORE GIVING YOU A HIGH PROFILING JOB. WHY IS UNIVERSITY EDUCATION SUCH A BIG DEAL IN UNDERDEVELOPED COUNTRIES?

University degree opens the vistas for you in today's Nigeria and for the foreseeable future. What's the informal sector like in Nigeria? Y'all talking about how it is in America, think about Nigeria first.

If you deny people the opportunity to attend universities, what do you want them to do? Become roadside mechanics and vendors?
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Softmirror: 10:51pm On Dec 06, 2022
Raheeqilmaktoom:


University degree opens the vistas for you in today's Nigeria and for the foreseeable future. What's the informal sector like in Nigeria? Y'all talking about how it is in America, think about Nigeria first.

If you deny people the opportunity to attend universities, what do you want them to do? Become roadside mechanics and vendors?

THAT'S WHERE WE MOSTLY GET IT WRONG. MY BROTHER, KINDLY DO A CASE STUDY PLEASE. TRY TO FIND OUT IF A ROAD SIDE MECHANIC EVER COMPLAINS OF NOT GETTING A JOB TO DO? IT'S UNIVERSITY GRADUATES THAT ARE ALWAYS COMPLAINING ABOUT BEING JOBLESS, DEPRESSED AND SHOWING SUICIDAL TRAITS. THE POINT I AM MAKING IS, WE NEED TO STOP THIS OVER EXCESSIVENESS OF A MUST BE A UNIVERSITY GRADUATE SINCE THE END RESULT IN NIGERIA WHICH YOU ARE TALKING ABOUT YEILDS BUT MOSTLY BITTER FRUIT. SO, IS THE LOAN MANDATORY?

OF COURSE, THE ANSWER IS NO.

WHAT SHOULD BE MOST IMPORTANT TO ANY GOVERNMENT IS A VERY HIGH LITERACY RATE IN A COUNTRY. AND THIS IS MUST BE MANDATORY, WHICH IS THE SSCE CERTIFICATE. I WOULD I SAY, THE JSS CERTIFICATE BUT LETS JUST LEAVE IT AT THE SSCE.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 11:16pm On Dec 06, 2022
Raheeqilmaktoom:


What careers should be in demand in Nigeria (not global trend), get the number of jobless 1st class and 2:1 graduates from those fields before we talk about the next thing.

Student loans in Nigeria is a literal way of telling people to stop aspiring to pursue what's out their league, just like ASUU said.

How do you improve the economy? More fake sectors (paper sectors) should be created at the expense of the real economy.

Tell me, how's the American system coming along.

If you're taking a loan all these factors should be in your head. It seems you believe people dont have agency. The government can walk and chew gum in terms of improving the economy and giving loans. Whether you believe they should is another issue. I listed my issues with loans.

You and ASSU are yet to articulate how a no-interest or low-interest loan stops you from attending school. It's like saying you'd have an easier time buying a car if car notes didn't exist which is not true. Even if it's a high interest loan it wouldn't matter because you wouldn't be able to go to school anyway. The mortgage market in Nigeria compared to America is a good comparison to that.

Lol, how do "paper jobs" take away from the "real economy"? Do you think economics is zero sum? I don't see anything wrong with a diversified economy. The American system is better compared to most countries in the world.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Iolo(m): 1:48am On Dec 07, 2022
There’s a number of ways to look at this. I think ASUU are either being short sighted or are drawn too closely towards socialist principles of a government funded university system which isn’t practical if we are all honest.

One benefit of this is that it opens up public universities to more competition. As a student, I can take the rough calculation to take a loan, attend a private university and get better quality education and also graduate faster without strikes. This could mean getting an edge in the Job Search. The public universities will have to step up their services to defend price increases as students who previously couldn’t pay out of pocket for private university or the better public schools can now do so.

Of course the challenge with this is how does a student pay back the money. Also, the macro challenges around employment opportunities being limited for the vast majority of graduates. Finally, how does the government recoup when this graduate japa’s?

A lot more information is needed to properly access this policy. But I do believe it is an initial step in the right direction. Government can’t continue to subsidize education - cause they are doing a terrible job at it. Make each university more autonomous. Allow them charge a bit higher, hire better lecturers and allow each school s’ governing council determine its salary band, build better facilities for students and lecturers, expand the no of students they can take in, etc.

The challenge with all this is it gives ASUU a whole new world of problems to deal with - loss of relevance of a central ASUU being one of them. Something vastly more complex than fighting the government by going on strike every 18 months. Change is tough.

1 Like 1 Share

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Saao(m): 1:57am On Dec 07, 2022
How can they pay back the loan? We so much love to copy. In a countries with students loan, there are jobs waiting after graduation but here some people will be looking for jobs 10 years, 15 years no jobs.

2 Likes

Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by techWriter1: 5:18am On Dec 07, 2022
Those endorsing ASUU can now know their real color
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 1:37pm On Dec 07, 2022
how does the government recoup when this graduate japa’s?

A lot more information is needed to properly access this policy. But I do believe it is an initial step in the right direction. Government can’t continue to subsidize education - cause they are doing a terrible job at it. Make each university more autonomous. Allow them charge a bit higher, hire better lecturers and allow each school s’ governing council determine its salary band, build better facilities for students and lecturers, expand the no of students they can take in, etc.

If they JAPA nothing much they can do. The loan will accrue interest while they're gone. Unless the government makes the tied to mandatory work. I doubt they'll strip their passports to make sure they don't leave.

Market competition is the answer to most government-induced problems. They refused to raise taxes adequately to fund their school and won't let schools set prices. After universities are allowed to set their prices it wont matter how many of them there are. It's total madness that a lot of people prefer cheap bad service to good service at the market price.
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Blue3k(m): 1:38pm On Dec 08, 2022
Bump
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by JoeNL22(m): 1:39pm On Dec 08, 2022
Re: Student Loan Bill, Attempt To Abandon Public Funding Universities - ASUU by Perfectbeing(m): 1:58pm On Dec 08, 2022
We are in the generation where you don't need to attend a tertiary institution to become something in life.
There are many skills, both new and old to learn to add value to your life..
Currently, FG have no business subsidzing tution fees for tertiary institution. They can subsidise for basic up till secondary level..
Let only the intelligent ones that can get scholarships and grants, the hard working ones that can work while in school and those who can afford the fees go to school.. Let the rest take student loans or they should learn a skill and start adding value to the society.

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