The National Association of Nigerian Students (NANS) has praised President Bola Tinubu for approving the Student Loans Act, enabling financially disadvantaged students to access financial assistance from the Education Bank to pursue their academic aspirations.
In a statement released Tuesday by the National Vice President of External Affairs, Comrade Akinteye Afeez, NANS described the law’s enactment as a Democracy Day gift to Nigerian students.
“The first Democracy Day in this new era brought us a special gift—the signing of the student loan bill into law. This gift is significant because whatever affects us also affects our parents,” expressed the student organization.
NANS highlighted that many Nigerian students are forced to drop out of school due to a lack of financial support, and the establishment of the Education Bank will alleviate the hardships faced by such students.
The students expressed satisfaction with Tinubu’s performance since assuming office and believed that his tenure had brought renewed hope to the country.
“Now, he has pleasantly surprised us in the education sector by providing access to loans for students in higher institutions. This implies that the dropout rate among students will significantly decrease, and more students will be encouraged to apply to higher education institutions without the fear of financial constraints, knowing they have a reliable source of financial aid.
“Furthermore, the prevalence of student suicides resulting from depression caused by dropping out of school, as well as the involvement of some female students in illicit activities to meet their tuition fees, will naturally decrease or vanish due to the absence of financial pressures that drive such behaviors.
“This new law will rectify numerous anomalies and bring several Nigerian institutions on par with their foreign counterparts, as research indicates that many talented individuals who institutions require often cannot afford an education. That will no longer be the case.
“On behalf of Nigerian students, I sincerely appreciate President Tinubu, and I want to assert that we have no regrets in endorsing him. We believe he has only just begun his work for Nigerians, and this renewed hope will soon manifest in every Nigerian household.”