₦airaland Forum

sparko1:
And who will continue it, Obi? 🤣🤣🤣

Even Atiku won't, those guys are worse than the Devil, I pray you guys experience it, but I trust Nigerians, just tell them stories and lies and they will be happy.

fear mongering is dead on arrival.

MONEY247:
20k

Them try sha

LegendHero:
You’re right and she is right too.

She can than NELFUND for helping her for that 2 years and lifting the burden.

She can also than her parent or anyone that sponsored her education initially.

Lastly, the student loan is still on. Most schools are getting it so far their institution are doing the right thing. There are some instance where there are backlogs but that does not mean the scheme is not a success.

Nelfund is not lifting any burden. In fact, it is shifting the burden from the parents to the children and the burden is even made heavier as most schools have increased their fees by 100% affecting all students while nelfund covers only about 10% of the population of students.

More importantly, the scheme is not a success because the disbursement rate is 10% and the repayment rate is still 0%. Those are the two parameters that determine the success rate of the scheme and they are not good numbers

Ojuntana:
Nelfund is not lifting any burden. In fact, it is shifting the burden from the parents to the children and the burden is even made heavier as most schools have increased their fees by 100% affecting all students while nelfund covers only about 10% of the population of students.

More importantly, the scheme is not a success because the disbursement rate is 10% and the repayment rate is still 0%. Those are the two parameters that determine the success rate of the scheme and they are not good numbers

Is it not better to shift the burden to the student rather than stopping the student from accessing education in the first place due to lack of funds?

In the hierarchy of needs, which one come first in this instance? Go to school and shift burden on children OR remain uneducated and have no burden?

Money wey government fit even forgive the loan tomorrow.

Disbursement rate of 10%, where is your evidence? I don’t like beer parlor talk. Show workings.

You can see I keep my own analysis to verifiable stuffs and not just made up numbers

Ojuntana:
More importantly, the scheme is not a success because the disbursement rate is 10% and the repayment rate is still 0%. Those are the two parameters that determine the success rate of the scheme and they are not good numbers

Below is current happening. See the response of people to Daniel Regha post an hour ago. Go under the tweet and gather opinion yourself then come back here again to repeat that it is 10%.

https://x.com/danielregha/status/2013709459621609612?s=46

LegendHero:
Below is current happening. See the response of people to Daniel Regha post an hour ago. Go under the tweet and gather opinion yourself then come back here again to repeat that it is 10%.

The 800k figure is highly doubtful but even at that, JAMB alone admits average of 500k students every year. Add the students that come in through pre-degree programs of universities and polytechnic as well as old students and you'll see that only about 10% of students in tertiary schools are covered.
If the 800k figure were to be true, that so be only about 30% of schools population. So how's 30% a success.
Some of those commenting are agbadeaus just sitting rubbish. Even on this thread, someone just complained of stipends not reaching the students and they are already marked as paid.

LegendHero:
Below is current happening. See the response of people to Daniel Regha post an hour ago. Go under the tweet and gather opinion yourself then come back here again to repeat that it is

You can see agbadeaus insulting and harassing the guy for airing his opinion but you don't see anything wrong with it. I bet if it were Obidients insulting and cussing out a govt liar like this you'll have been whining and writhing

That said, among those who claimed to be receiving nelfund in the post you posted is an engineer with multiple professional qualifications. He even claimed to be receiving it in thousands like multiple receipts. I'm sure he's unaware that the loan is not for people like him who have jobs before coming out to implicate himself in a bid to defend his agbadeau. But again, I'm sure you see nothing wrong in that

Ojuntana:
You can see agbadeaus insulting and harassing the guy for airing his opinion but you don't see anything wrong with it. I bet if it were Obidients insulting and cussing out a govt liar like this you'll have been whining and writhing

That said, among those who claimed to be receiving nelfund in the post you posted is an engineer with multiple professional qualifications. He even claimed to be receiving it in thousands like multiple receipts. I'm sure he's unaware that the loan is not for people like him who have jobs before coming out to implicate himself in a bid to defend his agbadeau. But again, I'm sure you see nothing wrong in that

lol Daniel Regha always receive insult because he dwell on sensational and useless commentary.

For the rest of your statement, I see you’re just trolling because no evidence on earth support your ridiculous 10% claim.

delpee:
I learnt that the loan is interest free and payable from two years after graduation if she gets a job.

"If" is the key term

LegendHero:
Is it not better to shift the burden to the student rather than stopping the student from accessing education in the first place due to lack of funds?

In the hierarchy of needs, which one come first in this instance? Go to school and shift burden on children OR remain uneducated and have no burden?

Money wey government fit even forgive the loan tomorrow.

Disbursement rate of 10%, where is your evidence? I don’t like beer parlor talk. Show workings.

You can see I keep my own analysis to verifiable stuffs and not just made up numbers

Maybe the govt should subsidise the tertiary fees instead of increasing fees by 100% and then dumping them on hapless students as loans. If the govt forgive the loan, it will be a failure then cause that's not the intention behind the loan.
Students shouldn't be overburdened by fees in tertiary education. Go and check most of those dancing now in the misguided belief that they are getting free money in 5 years time. Imagine having to pay for your kids' school fees while paying for yours which you did before you even had kids. What about going for further degrees it research while still paying loans incurred from undergrad?
Fuel subsidy has been removed and naira devalued by over 300% with wage increase of only 100%. There should be enough money to fund education and make things easier for the masses instead of hanging debts on their backs from young age

Hope you get a good job so that you can repay your loan and the scheme can continue to benefit others. Tinubu will leave the scene but the legacy will lives on.

LegendHero:
lol Daniel Regha always receive insult because he dwell on sensational and useless commentary.

For the rest of your statement, I see you’re just trolling because no evidence on earth support your ridiculous 10% claim.

I am not trolling. I'm giving you the figures. Nigeria has about 270 tertiary institutions. At the rate of 30k students per school, that's 8m undergraduate alone not factoring masters and PhD

Ojuntana:
Maybe the govt should subsidise the tertiary fees instead of increasing fees by 100% and then dumping them on hapless students as loans. If the govt forgive the loan, it will be a failure then cause that's not the intention behind the loan.
Students shouldn't be overburdened by fees in tertiary education. Go and check most of those dancing now in the misguided belief that they are getting free money in 5 years time. Imagine having to pay for your kids' school fees while paying for yours which you did before you even had kids. What about going for further degrees it research while still paying loans incurred from undergrad?
Fuel subsidy has been removed and naira devalued by over 300% with wage increase of only 100%. There should be enough money to fund education and make things easier for the masses instead of hanging debts on their backs from young age

What we had in the past is the govt subsidizing the cost. Just like fuel, forex, electricity etc, Is it sustainable? Is the subsidy not rubbing us if other National development like road, improved infrastructure etc?

Ojuntana:
I am not trolling. I'm giving you the figures. Nigeria has about 270 tertiary institutions. At the rate of 30k students per school, that's 8m undergraduate alone not factoring masters and PhD

You mean tertiary institutions in Nigeria average 30k per undergraduates?

This is 2017 days for postgrad and undergrad universiry which stood at 1.9m.

https://education.gov.ng/wp-content/uploads/2019/03/Total-Enrolment-Undergraduate-and-Postgraduate-2017.pdf


Now let’s say additional 1million as other colleges/polytechnic.

You guys just churn out numbers without even verifying your own stat. I’m just wasting my time on you.

STUDENT LOAN IN AMERICA IS HIGH INTEREST.

jmoore:
It is a loan, not a grant.

Better go find work and start paying back.

They have your bvn. If you refuse to pay back, they will deduct the money by themselves.

See reasoning. So, it is okay if she had no funds for continuing her education and then drop-out from school, right?

LegendHero:
You mean tertiary institutions in Nigeria average 30k per undergraduates?

This is 2017 days for postgrad and undergrad universiry which stood at 1.9m.

https://education.gov.ng/wp-content/uploads/2019/03/Total-Enrolment-Undergraduate-and-Postgraduate-2017.pdf


Now let’s say additional 1million as other colleges/polytechnic.

You guys just churn out numbers without even verifying your own stat. I’m just wasting my time on you.

I don't know where you got this your stats from but UI that I'm familiar with has over 33000 students with undergrad alone at over 24k. In fact, I had to quickly rush to check AI and the results do not agree with your document. See below. It's publicly available info that's released every year. I used UI cause I know they generally streamline their undergrad admission more than most other schools.
Let me make a correction though. The 270 figure I gave is for universities alone. So this your stats showing 146 total universities is either outdated or fake.
Another obvious error you're making is assuming that universities have more students than polytechnics especially. That can't be further from the truth. Some polytechnic run as much as four parallel programs which bloats their figures and we have more polytechnics and CoEs combined than universities in Nigeria.
Now add CoE and you begin to get a different picture

jaxxy:
Congrats. NELFUND is definitely a good policy and a step in the right direction.

Corruption in the main issue.

which right directions? ...HOW? u cant do yahoooo ni?? (no oofensce)

deji17:
What we had in the past is the govt subsidizing the cost. Just like fuel, forex, electricity etc, Is it sustainable? Is the subsidy not rubbing us if other National development like road, improved infrastructure etc?

There's no national development that should supersede education. UNESCO standards demand that 26% of your budget be dedicated to education. That's why you see so many tuition free schools in the developed world.
Roads will be built by civil engineers that come from schools so the quality of the roads will be impacted by the accessibility and affordability of good education.
That said, nelfund is being funded from a recurring tax so I see no need why it would be a loan to children of tax payers

Ojuntana:
I don't know where you got this your stats from but UI that I'm familiar with has over 33000 students with undergrad alone at over 24k. In fact, I had to quickly rush to check AI and the results do not agree with your document. See below. It's publicly available info that's released every year. I used UI cause I know they generally streamline their undergrad admission more than most other schools.
Let me make a correction though. The 270 figure I gave is for universities alone. So this your stats showing 146 total universities is either outdated or fake.
Another obvious error you're making is assuming that universities have more students than polytechnics especially. That can't be further from the truth. Some polytechnic run as much as four parallel programs which bloats their figures and we have more polytechnics and CoEs combined than universities in Nigeria.
Now add CoE and you begin to get a different picture

lol you are believing AI over the ministry of education themselves. That data is from the ministry of education website. Can’t you see the .gov.ng domain name?

Anybody can type anything anywhere and AI pick it up. Can you show the actual official document like I showed that buttress your point?

Richtaiwo:
The only fuel powering their endless outbursts against Tinubu is pure, undiluted hatred, nothing more sophisticated than that.

Watch how they erupt on cue. The moment someone dares to express an opinion, they sprint out of their burrows like alarmed rodents, armed with curses, insults, and all types of unprintable names.

It's called KARMA

Tinubu sponsored Lagos - Ibadan expressway media against GEJ. They spew hatred and attacked his family members. The whole Niger Delta watched and some even participated to bring their son down

The table has turned, he should face th heat or get the hell out of the kitchen cos it's just the beginning

Ojuntana:
There's no national development that should supersede education. UNESCO standards demand that 26% of your budget be dedicated to education. That's why you see so many tuition free schools in the developed world.
Roads will be built by civil engineers that come from schools so the quality of the roads will be impacted by the accessibility and affordability of good education.
That said, nelfund is being funded from a recurring tax so I see no need why it would be a loan to children of tax payers

Outside theory.. Is US, UK, Canada, Australia etc that Nigerians run to considered developed by your definition? You have to chose one. Either socialism or capitalism. Do you want to live in a Nanny state? You have to pay something, to get something. If you think about it, roads, healthcare, security etc are all tied to Education budget. Without security , can you have education? Education is just not limited to classroom. This is why many gets it wrong. We need to update our OS to align with modern times.

deji17:
Outside theory.. Is US, UK, Canada, Australia etc that Nigerians run to considered developed by your definition? You have to chose one. Either socialism or capitalism. Do you want to live in a Nanny state? You have to pay something, to get something. If you think about it, roads, healthcare, security etc are all tied to Education budget. Without security , can you have education? Education is just not limited to classroom. This is why many gets it wrong. We need to update our OS to align with modern times.

Well, that's your own perspective.
Education in those countries you listed is a social system which is why their schools are tuition free from nursery to secondary. Nigeria does not even have a serious social welfare system. UK spends 8% of its budget on social welfare while Nigeria has less than 1%
Your claim about health, security and roads tied to education is totally false

LegendHero:
lol you are believing AI over the ministry of education themselves. That data is from the ministry of education website. Can’t you see the .gov.ng domain name?

Anybody can type anything anywhere and AI pick it up. Can you show the actual official document like I showed that buttress your point?

The figures are even conservative. On NUC website, there are 309 listed universities instead of the 270 figure from AI
And on NBTE website there are 807 listed institutions far over and above the 300+ figure AI gave
And the figure given for 2022-2023 for UI from their website is 36581 which is in the pic below.
So which is more credible? An obviously fake outdated document of 2017 or data from the website of the accreditation agencies and the UI itself?

https://www.nuc.edu.ng/nigerian-univerisities/federal-univeristies/

https://web.nbte.gov.ng/

Source: University of Ibadan https://share.google/PSnMsWEkXRT1nvl3w

blamingthedevil:
I can call myself a graduate today because of NELFUND ❤️👏

and if this post dey vex you, make you go K1ck the Bucket.

https://x.com/mariolexxx/status/2013236998660620595

immediately i see the name, just disengage
these people will protest day and night if it was president from another tribe that came and then increase school fees with over 200% and then give u loan to pay
same loan that less then 50% of the students got. what happened to the remaining over 50% that couldn't get it?
i use to rate these people until Tinubu became president.

Ojuntana:
Well, that's your own perspective.
Education in those countries you listed is a social system which is why their schools are tuition free from nursery to secondary. Nigeria does not even have a serious social welfare system. UK spends 8% of its budget on social welfare while Nigeria has less than 1%
Your claim about health, security and roads tied to education is totally false

If you think about it very deeply, you will understand how they are tied. Again, most public primary and secondary schools are free and they are mostly under state and Local Governments. NELFUND is for tertiary institution, so I don't know why you are equating that with Primary schools? Is tertiary institutions free in the listed countries?

givedemwotowoto:
Nigerians will vote Tinubu out of power in 2027 and NELFUND will still continue – and graduates can get jobs and pay back their loans.

Why should you hate a man and accept what he gave to you?

Congratulations to the young, LOAN OR GRANT it doesn't matter, the most important thing is that she has archived her objective
another advantage is that the loan is interest free, when you add inflation rate of the future, the amount she will be paying back will be small compared with the value she got, its a win win situation for her

PDPdestroyer:
Obidients will be very angry with this NELFUND beneficiary, even when many of them would have become dropouts if not for this intervention. The day I stopped taking them seriously was the day I caught my Obidient neighbour applying for the NELFUND grant, but comes on nairaland to speak against it

You can see them crying all over the place.
Thankfully,their hatred for anything good keeps them stagnated in their pool of self made Olympic type sadist bath.

jmoore:
It is a loan, not a grant.

Better go find work and start paying back.

They have your bvn. If you refuse to pay back, they will deduct the money by themselves.

Did she even call it any of the name u mentioned?
She said; i became a graduate today because of NELFUND that's all but some of u never see progress and jubilee but always waiting for evil to befall u and ur family and u start causing......

Okay. Congratulations to you