FG’s Student Loan Devoid Of Human Intervention, Transparent – Sawyerr

The Federal Government has assured that the proposed Student Loan Scheme would be devoid of human intervention as every action would be taken on an application, specifically designed for the purpose.

The Executive Secretary and Chief Executive Officer of the Students Loan Board, Akintunde Sawyerr, gave the assurance while speaking to journalists at the State House, Abuja, after a meeting with President Bola Tinubu.

Sawyers explained that the government was keen to ensure that young Nigerians do not fail to acquire tertiary education just because of a lack of funds to continue their studies.

He says the implementation of the student loans scheme would enable Nigerians to pick a career trajectory of their choice, rather than being forced to do something else because they were unable to acquire the requisite education due to lack of funds.

The loan, according to Sawyerr, would help to stem the dangerous journey undertaken by Nigerian youths across the Sahel to Europe in search of a better life, as school fees for successful applicants would be transferred directly to their institutions, noting that while every Nigerian was eligible to apply for the loan, only the neediest would be supported.

Alsp speaking, the Chairman of FIRS, Dr Zacch Adedeji, said the Education Tax is going to be one of the funding sources of the student loans scheme.

He said the deployment of the education tax fund into the scheme is one way the government can be accountable to taxpayers in the country.