Even the worst of President Bola Tinubu’s critics will admit that he has proved to be a man on a mission. Within two weeks of assuming duty, he has removed subsidy on fuel causing the price to rise by over 150 per cent. He has announced the unification of FX window putting an end to multiple exchange rates; suspended the governor of the Central Bank of Nigeria, chairman of thetudent Loan Bill, among others.
students seeking higher education in any public institution in Nigeria provided they meet the criteria for qualification. The loanThe Act provides for the establishment of The education bank will get its supply from education bonds, all interests arising from deposits in bank and education endowment fund schemes. Also, one per cent of taxes, levies and duties to the Federal Government through the Federal Inland Revenue Service , Nigeria Immigration Service and Nigerian Customs will go to the bank. It will also be funded by one per cent of profits from oil and other natural resources as well as grants, gifts and any other endowments.
Afterall, other Federal Government initiatives with lesser funding channels still run successfully today. Take for instance the Tertiary Education Trust Fund whose major source of funding is the two percent education tax paid from the assessable profit of companies registered in Nigeria.essential physical infrastructure for teaching and learning in many tertiary institutions in Nigeria.
Yet as big as the concern over repayment is, it is just a minute part of a bigger issue. The real question is how is this loan going to ensure that lecturers are well paid as at when due and that they do not go on strike. The government has always complained of inadequate fund to honour the different agreements it signed with university lecturers.
Likewise, 81,653 applied For Law-related courses that had 8,529 vacancies; 103,891 students applied for technology-related courses with 60,199 vacancies; 72,014 applied for courses under Arts and Humanities despite the 48,744 vacancies in this programme.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SaharaReporters - 🏆 9. / 63 Read more »