Human Right Activist, Sowore weigh-in on Student Loan Bill
Human rights activist and presidential candidate of the African Action Congress (AAC), Omoyele Sowore, has faulted the student loans law signed by President Bola Tinubu on Monday 13 June 2023.
According to reports Tinubu signed the Student Loan Bill into law which allows Nigerian students to access loans from the government.
It will make provision for funds to be domiciled in the Federal Ministry of Education and will only be accessed by indigent students of tertiary institutions.
Reacting to the passage of the Student Loans law, Sowore said that Student Loans were never good for a society that needed to aggressively fund education.
Sowore noted that the US had more or less devoured its young and old educated population with student loans, adding that what Nigerian youths needed was free quantitative education at all levels.
According to him, “Many US citizens today are victims of education loans whereas the US spends unconscionable amounts in fighting wars that benefit none of their citizens.
“Every student in our educational institutions at the higher levels should earn nothing less than N100,000 per semester as a study grant.
“Even the US has evolved past this stage and are now seeking ways to massively forgo student’s loans.
He added, “I have spoken extensively about loans because I am still owing student loan sharks 20 years after graduating from Columbia University in New York.
“Nothing good will come out of students’ loans.”
Source: Sahara Reporters
