The House of Representatives ad hoc committee on Students Loan Fund and Access to Higher Education has proposed that three per cent of the nation’s annual revenue should be channelled to students loan. Ugboh, while addressing the Federal Ministry of Education and the Implementation Committee, pledged the readiness of lawmakers to assist in the smooth take-off of the scheme. “We hope the system you are creating will be robust enough to take account of students who are already in school, who want the loan to cover for the one year or two years of their schooling or students who are coming through direct entry. “I want to suggest that there is a need to increase the requirement from one per cent to three per cent (of government’s revenue). He said, “We are technical people working and the kind of process flow that we are looking at is something that Nigeria will be proud of.

Source: Punch August 16, 2023 13:53 UTC