Lawmaker cautions against politicising students’ loan scheme

3 weeks ago 7

By NAN

24 August 2024 | 8:42 americium

Rep. Terseer Ugbor (APC-Benue), has warned against politicising the disbursement of loans to students of tertiary institutions successful the country. Ugbor, who represents Kwande/Ushongo Federal Constituency of Benue, successful a connection connected Friday, demanded openness and transparency successful the absorption and disbursement of loans to students. He besides cautioned the Nigerian Education Loan Fund (NELFUND)…

Rep. Terseer Ugbor (APC-Benue), has warned against politicising the disbursement of loans to students of tertiary institutions successful the country.

Ugbor, who represents Kwande/Ushongo Federal Constituency of Benue, successful a connection connected Friday, demanded openness and transparency successful the absorption and disbursement of loans to students.

He besides cautioned the Nigerian Education Loan Fund (NELFUND) to beryllium wary of governmental interests successful the absorption of the fund, including enactment of vendors and recruitment of staff.

Ugbor, who was a erstwhile Chairman, House of Representatives Adhoc Committee connected Students Loans, said that determination indispensable beryllium equity, transparency and accountability successful the scheme.

The lawmaker alleged that determination were nary nationalist records connected the existent fig of loans truthful acold disbursed.

According to him, nary adequate records of magnitude of wealth spent, duration of loans, repayment plans, fig of participating institutions and the security argumentation covering these loans.

He explained that helium was incapable to archer however galore students of Benue root person received the loans, arsenic a effect of deficiency of nationalist records.

He queried indebtedness disbursements without a recognition beingness security and wellness security for the students, questioning betterment method successful cases of death, disablement oregon default.

Ugbor called for much transparency successful the absorption of the students’ loans, arsenic 1 of President Bola Tinubu’s bequest initiatives.

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