akingangan:
The Guarantor requirement should be removed

Government should be the guarantor so no need for such
If the employer will deduct 10 percent then there is no need

IbroMaka:
Why dem no specify highest amount that can be borrowed

usibengate:



Did you read through the 3rd clause on how to apply for the loan?

"Each guarantor must submit two passport photographs, name of the employer and evidence of being so employed by the named organisation."

I believe every informed and knowledgeable potential guarantor (lecturer) will not want to get involve, with regard to standing as guarantor for someone he/she doesn't know better. Remember payback is not immediate, 2 years after NYSC. You as a lecturer after collecting sorting to stand for a defiant students, upon graduating from the school, the lecturer is at the mercy of the students. Hence, he/she will have to provide the student else will pay the loan as guarantor.

So be careful who you stand for, we Nigerians are not trust worthy and have fraudulent tendencies.

princeade86:
Good. So how is it be of help to commoners? Like someone mama selling petty things, where will d person get level 12 workers to process the loan. At the end, it will favor rich people as well. Business for the lecturers or anyone in the institution that will approve or sign for u to access the loan because they may demand from u.

Daguga:


My bro, I was shocked at the conditions. This people know what they are doing.

barkays001:
There is a need to expose those that try to truncate or downgrade this important program from the government of the day.

Daguga:


My bro, I was shocked at the conditions. This people know what they are doing.

lolu2019:
the conditions are not hard.try and make friends with civil servants around u.especially teachers or go back to ur secondary or primary schools to help u.i mean public schools.

nlfpmod:


https://thenationonlineng.net/quick-steps-for-nigerian-students-to-access-loan-scheme/

brownemmanuel43:

Interesting question sir

wunmi590:


Good development, I see student affairs only approving their family and friends application to move to final stage where it will be disbursed...

Sunshine34:
Palmpay and Opay defaulters are u there, some section of the country too enjoy developing another country, it is well Sha, Obidient too should not go near the loan, otherwise we will invoke obatala on u people, because u cannot eat where you didn't sow.



FTC for the first time. Abeg send my gift Mr SEUN

babyfaceafrica:


Fg isn't going to transfer funds into anybody account. It's going to the school account!!

Daguga:


You are funny, hope you know the extent of friendship and relationship you may need to have with someone before most of them can stand on your behalf. Dey play.

Osashalom:

Exactly my thoughts... The SUG, VC and students affairs department involvement in the process, call for serious concerns knowing how corruption his eating deep into Nigeria

lolu2019:
just be a good boy in the community.

Daguga:


Dey play

akingangan:


Then the government pays.

wunmi590:


Good development, I see student affairs only approving their family and friends application to move to final stage where it will be disbursed...

akingangan:
The Guarantor requirement should be removed

Government should be the guarantor so no need for such
If the employer will deduct 10 percent then there is no need

princeemmma:


But the point is that, how do you repay if you don't get a job?

Will the government get you a job too?

IbroMaka:
Why dem no specify highest amount that can be borrowed

wunmi590:


Lol, government can't give a job, except you are lucky to scale through some of their open recruitment...

As for the pay back, once you get a job, you will be deducted accordingly from your employer back to the government coffer