₦airaland Forum

Alliswell248:
Noise maker

Are you in the US?
We spend naira here.

Average school fee here is 300k.
Most causes duration here are five years.

Total ....1.5m

How much is this , if they get a good job?

U must always see things with your bitter mind.

I am a realist,
According to the federal government itself, about 5% have over 500,000 naira in their account!
Do you guys even pay attention to your country?

Those who couldn't pay up b4 graduation, the loan will be deducted from their nysc allawee

StaffofOrayan:
I am a realist,
According to the federal government itself, about 5% have over 500,000 naira in their account!
Do you guys even pay attention to your country?

You are a pessimist. There are many students in Nigeria that the money will help.

opamoses1:
He did say his salary was $86k(ish) out of school and does extra work at weekends to even stretch it over 100k. Go back and re-read his post.

Sir, no entry level employee gets 86k$ after tax,
Examine what people say to the reality on ground, don't just believe people online!
You just don't leave school and start earning 86k

Nigeria is already in a debt trap....... 🤣🇳🇬😂

StaffofOrayan:
Sir, no entry level employee gets 86k$ after tax,
Examine what people say to that reality on ground, don't just believe people online!
You just don't leave school and start earning 86k

You don't even know how much loan he took. He said he paid it off, and that is his truth.
Entry level employees do get more than 86k after tax depending on the job or company.

opamoses1:
You are a pessimist. There are many students in Nigeria that the money will help.

I gave you a federal government statistics you are still calling me a pessimist!
Why do you think Awolowo came up with free education?

StaffofOrayan:
I gave you a federal government statistics you are still calling me a pessimist!
Why do you think Awolowo came up with free education?

UK, Canada, US, Australia e.t.c are developed, how come they are not giving free education?
Nigeria is not a communist or socialist country.

Gov Adeleke is from a rich home. He was born with a silver spoon and his own kids were born with a silver spoon..Their dad was a politician in the 1st republic. His brother was a governor, another brother a billionaire, and he himself a senator and now a governor. Baba has lost touch with reality. He doesn't know what the average Nigerian kids go through to make it through universities.

StaffofOrayan:
I gave you a federal government statistics you are still calling me a pessimist!
Why do you think Awolowo came up with free education?

Chairman. During that era, the value of our currency was same with that of UK. People were even reverse japa-ing during that era. Times have changed, and Nigeria is no UAE or Cuba. Even though our political office holders are crooks. Alot of them can conveniently help so many students through universities from their constituency money and allocation, but greed won't let them.

Although, I have a friend that's a legislative member in LASG. He is doing is best by sponsoring some students in university and even buying JAMB forms for all students trying to gain admission in his legislative constituent. Imagine if others were like him.

Student loans should be jointly guaranteed by the states and the FG.
The idea that the FG will plunge anyone into debt is moot because no one should be compelled to take a loan he cannot afford to repay.

I like this scheme and student should use it to fund their academic pursuit or training.

Because we have shortages of doctors and nurses, I would want FG to exclude medical students and trainee nurses from paying back.

I would also exclude trainee students in Maths and sciences from paying, so we flood our schools with lots of science teachers. More science teachers mean more science students to teach, making us compete globally in that sphere.

Goodvibes007:
Chairman. During that era, the value of our currency was same with that of UK. People were even reverse japa-ing during that era. Times have changed, and Nigeria is no UAE or Cuba. Even though our political office holders are crooks. Alot of them can conveniently help so many students through universities from their constituency money and allocation, but greed won't let them.

Although, I have a friend that's a legislative member in LASG. He is doing is best by sponsoring some students in university and even buying JAMB forms for all students trying to gain admission in his legislative constituent. Imagine if others were like him.

Wrong answer, everybody else thought it was a bad idea except Awo and a few, of course Awo could have decided on a loan and everyone would have thought it was dandy, like you if u were in that era,

RhinoChest:
I like this scheme and student should use it to fund their academic pursuit or training.

Because we have shortages of doctors and nurses, I would want FG to exclude medical students and trainee nurses from paying back.

I would also exclude trainee students in Maths and sciences from paying, so we flood our schools with lots of science teachers. More science teachers mean more science students to teach, making us compete globally in that sphere.

I get your point but it will be discriminatory given the fact that this is not a grant but a loan.
There are other ways to encourage the sciences.

opamoses1:
UK, Canada, US, Australia e.t.c are developed, how come they are not giving free education?
Nigeria is not a communist or socialist country.

But you do school feeding nonsense and cash transfers to the poor? Trader money,
I would keep telling you guys to take a critical look at the country you are living in before you allow these clowns called politicians defeat the coming generation before they even realize it

Melancho:
Americans from the 90s and 2000s are still owing student loans. That thing will trap you down.

You can't begin to compare the two systems at all. American education is probably the most expensive in the world, even when you consider the high standard of living. How much are fees in the average federal or State university in Nigeria? Probably an average of 100k per session. The average graduate in a white-collar profession makes an average of 200k. They should be able to pay this easily. Furthermore, these loans, unlike the American ones which are issued by private providers, are non-interest bearing.

Osun state can guarantee the loans for Osun students up to 40% at least.
That is far better than putting all the burden on the FG.

MrBrownJay1:
as if most people who will get these loan will use it to pay school fees etc...lol!

abeg just call the loan POVERTY ALLEVIATION SCHEME and be merry... in this economy, any money dashed will help the ones out there with financial difficulties. let some of the loot go to the people jare!

In modern societies, the money is not sent directly to the recipient. It is given through the school. You have it on your account digitally, then you can pay school fees with it, and if there’s money remaining afterwards and no other billsyou owe for the semester, the remaining can be transferred to your account for personal upkeep

opamoses1:
You don't even know how much loan he took. He said he paid it off, and that is his truth.
Entry level employees do get more than 86k after tax depending on the job or company.

Firstly, you are not coming into the company with any new knowledge except those gotten from college like others, neither are you coming in with patents or recommendations, you don't get paid that amount!
Damnnnn

StaffofOrayan:
Firstly, you are not coming into the company with any new knowledge except those gotten from college like others, neither are you coming in with patents or recommendations, you don't get paid that amount!
Damnnnn

Go and tell that to those working at FAANG. You are talking like you are living under a rock. Lol.

2019 figure vs 2023 figure. It keeps going up. You need to expand your horizons.

Kobojunkie:
Better off looking for a free online masters program than getting a loan to get a masters in any of the Nigerian schools.

free? Suggest oooo I need one

1Alex:
no cash will be given to anyone. Go and read the provisions of the loan

You think Nigerians read? 😆

They only react to headlines

ElSudani:
I get your point but it will be discriminatory given the fact that this is not a grant but a loan.
There are other ways to encourage the sciences.

It’s not discriminatory. We badly need doctors and they decide whether I’m alive to type on Nairaland or dead! Most of them have Japa. If we offer medical students N5 million annually, and nurses N2.5 million annually per semester, we will have enough to go round. We can mandate they spend 3 -5 years before they Japa.

We should start using incentives to find solutions to our problems.

Also, we need lots of engineers and scientists.

Playing opposition can make someone look stupid sha...just like being a ruling party can reveal incompetence


Nigerian opposition just want to be rubbishing anything whether it makes sense or not

Chimarto:
free? Suggest oooo I need one

Search Google to find them to find and investigate the available options.

sIfioksq:
Kudos to the FG for taking steps to provide affordable education through loans. Let's not forget that this is a longterm investment in our future leaders.

B4 u give out a loan u must have an idea or be sure of the process and path the loan can be paid and when.

For students then u must be sure they will get jobs to pay back the loans and how and when the government will make the deductions.

Npower was a failure and discontinued and this is is another rushed policy.

The rich wants to keep the poor down for life. Useless Ade de Dancer alias G9 Parallel does not want the poor to be educated at all.

He should pay for them now.. Nonsense talk. Higher institutions are for adult; people old enough to take a decision and take responsibility for their decision.

The thing is govt. cannot expect repayment yo commence until the student graduates and secure a means of living. However, once money starts flowing into the person's account then govt should go all out to ensure repayment.

Jostoman:
Vote buying don start for APC.

This is Politics, and we are the Masters. Hero Beer Bitter Giringori is going about giving 10M to institutions, we are giving money to students. Let's see which of the two the people will prefer

PheelzAlmighty:
Nothing this government can't do...

Student loan my ass

Black ass or bleached pink ass?

iLoveYouToo:
It’s better to be quiet when you really don’t have stuff to say

Silence is golden, but a dumb shameless dancer doesn't know

ijustdey:
https://guardian.ng/adeleke-warns-fg-against-using-loans-as-debt-trap-for-students/

Says someone whom a certain pupil wrote WAEC exam for .