Terseer Ugbor, the Chairman of the Ad-hoc Committee investigating the implementation of the Student Loans Act, revealed in an interview with Channels Television that one of the reasons why the student loans were initiated was to motivate Nigerian students to start taking professional courses rather than the general social sciences that we are really used to in Nigeria.
He continued saying that, “with student loans, students who probably would have preferred to read medicine, prefer to read engineering, architecture, and other professional courses that are better employable in Nigeria will be encouraged under the student loan scheme so that we can have more sciences and more technology-based courses that are more relevant for our modern economy and the globalized economy.
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He concluded by saying, “We anticipate that with the student loan, the universities get these fundings directly, and the issues of strikes should be a thing of the past if the government hands off the funding of education directly and makes it more of a private sector kind of thing, and if the government ensures a good relationship between the governorship and their schools regarding these fundings.
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