This is a good policy and I want to commend the government: “In a move aimed at enhancing educational access and inclusivity, the federal government has announced that the student loan application portal will officially open on Friday, May 24, 2024. This announcement was made through a statement issued by the Nigerian Education Loan Fund (NELFUND) management, led by its Managing Director, Mr. Akintunde Sawyerr.”
Yet, I must add that this loan must not remove the educational subsidies which have been the backbone of the Nigerian educational system. People like me benefitted from the generosity of Nigeria. I was a three-time University Scholar Award recipient while in Federal University of Technology Owerri, winning the Vice Chancellor awards multiple times. But even without those awards, the tuition was largely manageable. Nigeria helped us.
So, I want to remind the government that the only thing a poor kid benefits from Nigeria is subsidized education, and if we remove that, generational economic mobility will stall. I will support a bill which will earmark 0.1% of oil revenue to continue to subsidize our education. Nigeria can do that, and we must sustain that tradition.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
So, I welcome these loans, but let them be to expand access for the kids who may not even afford the already subsidized fees.
https://x.com/ndekekwe/status/1791418017244459097
Nigerian Government to Launch Student Loan Application Portal on May 24
---
Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
