Omoyele Sowore, the presidential candidate of the African Action Congress (AAC), criticized President Bola Tinubu’s signing of the student loan bill into law on Monday, stating that “nothing good will come out of” it.
Reacting to the students’ loan law, Sowore took to Twitter to lambaste the president for signing into law, a scheme that will further impoverish Nigerian students.
The human rights activist stated that rather than loans, students in tertiary institutions across the country should be given educational grants every semester.
Sowore stated that the United States had overburdened its educated young and old populations with student loans, and that what Nigerian students needed was free quantitative education at all levels.
According to Sowore “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 is now seeking ways to massively forgo student loans.
“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”.
Chronicle NG reported that Tinubu assented the Student Loan Bill into law which allows Nigerian students to have access loans from the government.
