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  • News - South West - Ekiti
  • Updated: June 16, 2023

Student Loan Bill: African Students Salute Tinubu Over Assent

Student Loan Bill: African Students Salute Tinubu Over Assen

Students under the aegis of the All-Africa Students’ Union (AASU) have saluted President Bola Tinubu for assenting to the student loan bill, describing the development as a great relief to Nigerian students and a model to other countries. 

Tinubu assented to the student loan bill on Monday to provide interest-free loans to Nigerian students. 

The President of AASU, Osikenyi Osisiogu, speaking at a press conference to announce the 2023 African Students Day, urged the Tinubu-led administration to ensure the equitable and efficient use of public disbursement for education.

In a press statement made available to journalists in Ado-Ekiti, Osisiogu stated that the student loan would be useful in generating more funding sources. 

“We are excited to identify with the haste Tinubu is in to ‘renew our hope’ that Nigeria shall indeed assume prominently her role as ‘Big Brother’ in Africa and thank him immensely for the Student Loan Bill that received his presidential assent,” Osisiogu said.

“We are confident that alternative solutions at the level of innovative financing tools could be found and implemented across the continent through the private economic sector, public-private partnerships which could contribute to the financing of education by investing the majority of their corporate social responsibility spending on education,” the statement read.

He warned those who steal fuel subsidies, turn-around consultants for Nigerian refineries, unpatriotic operators of modular refineries, and other rivals who feel threatened by Dangote Refinery's impending startup against provoking the wrath of African students whose futures have been mortgaged by these evil rent seekers. 

Osisiogu who commended the opening of the 650,000 barrels per day oil refinery by the Dangote, claimed the development would have a good effect on Africa by acting as a catalyst for the continent's accelerated economic growth and development.

“We call on governments of Africa and other stakeholders to continue to give their unalloyed and pragmatic support to Dangote.

“Africa’s private sector has in recent years been rising up to the occasion of the need for economic growth and industrial self-reliance in Africa by making strides in the third and fourth industrial revolution eras. We must continue to emphasise the nexus between education and industry as the former must lead the latter,” he added.

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