Ezigboune:
This is a wrong move from the president

pls how?

This is a welcome development. I just hope it will not be another avenue to siphon government funds

Increase the perimeter walls of your prisons then

Nigerians default on.loan

500k fine and 2 years in prison if you default..... Interesting

They sh8link it to NIN so people can't forge student names and collect loans.

Are Nigeria student in federal university paying tuition fee?
I read that the loan is for tuition fee payment only.

Will this student loan not lead to massive defaults by student thereby leading to unnecessary wastage of scarce resources. We know government will go and borrow to fund this.

Since subsidy has been removed, can’t FG increase funding for our universities so that poor students won’t have to pay much for schooling I’m federal owned schools.

May it work!

Payback can be a problem
Favouritism, corruption, etc

(3. Provide at least 2 guarantors (Civil Servant above Level 12 or Lawyer with at least 10 years post-call experience)
The loan is not for poor or average Nigerian.

I disagree with the prison part. But it's a new system and it sill be corrected and modified as we go forward.
A brilliant step in the right direction.
Nigerians hate to repay loans. Even in the US they will try anything not to pay back.

We know the part of the country that loves taking loans - sad-waste will rush it thinking its free money.

while the mall.os will rush it thinking its their normal birth right -

you graduate - no job and they end up defaulting - then the sharks will mercilessly come for their pound of flesh!

with loan sharks on their neck day in day out!

frustration sets in - then the thought process will change to "just end it all"

NO RIGHT THINKING STUDENT WILL GO FOR THIS SHIT!


I TRUST MY BROTHERS, WE WILL NEVER EVER TOUCH THE LOAN EVEN IF ITS FORCED ON US.


He who goes a-borrowing ENDS UP A-SORROWING!

bad condition

Imagine lawyer or civil servant of level 12. Where I won take see that one abeg?

Shey if I collect the loan in 100 level, I fit collect another for 200l ? Reach 400 l? Or what

PS: am a graduate ooo, just want to know

How will they repay the loan when there is no job?

NewSoul:
Imagine lawyer or civil servant of level 12. Where I won take see that one abeg?

if you don't have family member or any relative who can vouch for you then you don't have business with the loan

Annual income of 500k?
Most of those bootlicking on the fp certainly won't qualify

Good move leaves room for improvement

Ezigboune:
This is a wrong move from the president

how so? when they told you people to pay your OPAY loans, una say nothing fit happen. Nothing fit happen, now you no fit get genuine loan from govt.

After nysc and no work, what will happen if he can't be able to pay due to lack of job.

Where is the pdf of the bill? Why is information always hard to find or hoarded in Nigeria?

The Bill is not a good idea. Govt have shifted the cost directly to young people and schools will have an incentive to increase their cost as long as the FG is paying the loans.

PepeXKermit:


how so? when they told you people to pay your OPAY loans, una say nothing fit happen. Nothing fit happen, now you no fit get genuine loan from govt.

After nysc and no work, what will happen if he can't be able to pay due to lack of job.

Samirana360:
I remember Dr Chris ngige of anambra state ... when he stole peter obi’s Mandate and started working hard to win the heart of anambra people but at the end he was kicked out by the the court. So tinubu if u like turn urself to messiah just know u r working with a stolen mandate.. thank u and goodnight

Presidency dey hungry Ibos!
You go tire!

ghanaman5050:
(3. Provide at least 2 guarantors (Civil Servant above Level 12 or Lawyer with at least 10 years post-call experience)
The loan is not for poor or average Nigerian.

A student whose parents earn less than 500k a year (40k) a month combined will be expected to produce level 12 civil servant as guarantor.
How exactly will that work?

aktolly54:
if you don't have family member or any relative who can vouch for you then you don't have business with the loan

None of my family member is a lawyer or civil servant 12 worker. Or did they say you can replace that with family members?

This is called balloon policy with doubtful implementation.

This thing will not work. Tinubu and his fellow criminals will embezzle the money as usual.

Hope we are not expecting high increment in school fees?

MorataFC:
Good news,
chai,may God forgive those of us who don't believe in you.

That's democracy. It's not really about "believing in", just like tribunal resumes tomorrow, it's the process.

Logical conclusions

Wat if the borrower later kick bucket?

No free education in Nigeria they has forgotten that free education is very achievable

nlfpmod:


https://twitter.com/MSIngawa/status/1668343172886409216?t=oDxB8mDINHEiYFJYNDP3Bg&s=08

The loan is for Tuition ONLY