₦airaland Forum

Mahul:
That's how you know a man who is ready to lead unlike the previous administration

Ashabbiiee:
Time for recharge

AntiTerrorist:
I noticed some people are happy about the Student Loan!

Some even said "Tinubu can continue, he is taking hard decisions".

For that reason, I have decided to break down the smokescreen called Student Loan

It's just an attempt to remove "Education Subsidy" without causing an uproar.

Now let's dive in:

Who qualifies for the Student Loan:

The simple answer is: NOBODY.

It's almost impossible for you to qualify for the Student Loan and here is why

1. An applicant or his parents must provide tax clearance: This is not totally bad till you see number 2.

2. The Applicant or his parents must be earning total income less than #500k a year. Now slow down and do the maths:

To earn #500k a year means that the husband and wife are earning less than #41,000 a month. That is #20,000 each

While minimum wage is #30,000

Which means if your both parents are earning, you are automatically disqualified because they are either earning more than #41,000 or they do not pay tax because you cannot pay tax on salary below minimum wage.

3. Now here is the high jump of the Act: These 2 people earning less than #50,000 will now have to provide a DIRECTOR IN CIVIL SERVICE and a LAWYER OF 10YEARS IN SERVICE as Guarantor

Take into consideration, yourself doing good for your self, do you know DIRECTOR in Civil Service?

But that is not the worst part;

4. The Director and Lawyer have to surety that if you default, they will pay the loan!

Do you know what that means? NO DIRECTOR WILL TAKE SUCH SURETY.

But here is the worst part:

5. After you meet all these requirements, will you get the loan? NO!

The act said "Loan will be given when funds are available". In other terms, you are still at the mercy of the system!

In summary:

If you add your father and mother's income monthly, it must not be more than #41,000 a month or #500,000 a year

Your father and mother must look for a Director in Civil Service to Surety your loan!

The Director will send his Payslip document to the Bank saying that if you fail to pay, he will pay. Who will do this one for you?

Did I tell you that the Bank MD will be the one to give approval? Bank MD !

Did I also tell you that if you don't start repaying after 2years of graduation, you will go to jail 😩

Many graduates have not even gone to NYSC in 2years after graduation!

The worst part now is: School Fees will go up above the loan amount because Federal Government has announced that they cannot continue to fund University!

So if you are reading this, you are not qualified for the Loan.

Mahul:
At least he now have the opportunity to go the glass house, an opportunity he couldn't come close decades ago
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jmoore:
Fugitive. Travel down to Nigeria and congratulate him.

Coward that is looking for amnesty.

High cost of petrol welcome!
High cost of transportation welcome! _
2 days sit at home weekly for government workers in some states because of hardship.

Asswipemod:
Now I know that being able to post stuff on Nairaland doesn't mean you're educated. Just look at this funk I'm quoting, for example.

ba7man:
Emefiele was a mole in Buhari's govt, inherited from GEJ's administration, a PDP product and he was used to sabotage the APC administration and paint it in bad light.

His loyalty was to himself, Gov Okowa and Atiku at a stretch.

I knew something was wrong when Arise tv, Peter Obi and Atiku supported the Naira policy close to elections.

When your enemies applaud your move, be very wary. They knew it's implications on the people but they encouraged and supported it.

They didn't mind the whole Nigeria suffering just for them to ruin Tinubu’s chances and them winning.

Know the enemies of the nation.

LagosFirstSon:
Initial gragra as usual . Buhari did more than this at the begining of his first Time.

But seriously, Bola Tinubu is too ugly , president no fit am.

ekineme:
She is lucky, if it's in some part of the world, Formalin would have completed the mission before she has the chance to regain consciousness.

Praxis758:
And this Makinde will be hoping to plant his successor in 2027. It is by then that he will reap all the evil he’s doing to his party.

Federal might will be used against him.

neutralmind:
Bros its obvious you have loads of experience in this field.

As a matter of fact you are the real IDAN

Penguin2:
As usual, Tinubu has recruited faceless idiots to issue statements in the name of Ohaneze to make it seem like Ohaneze is defending a criminal who the rest of Nigeria is celebrating his arrest.

That’s how they bought and commissioned another idiot who calls himself Okechukwu Isiguzoro to issue scrupulous statements in the name of Ohaneze during the elections.

What we don’t understand is why Tinubu and Owambe boys are going this far just to tarnish the name of Igbos.
Another mad man just got loose
Or are they so threatened by Igbos?

hisexcellency34:
Wike will soon endorse Tinubu