By Nneoma Ahukanna and Nightengale Ben-Onyeukwu
Recently, President Bola Tinubu on Wednesday, April
3 2024, signed into law the student loans (Access to Higher Education), repeal
and re-enactment bill 2024. It seeks to guarantee sustainable higher
education and functional skill development for all Nigerian students and
youths.
Recall that exactly a year ago, June 2023, Tinubu
initially signed the student loan bill into law, to offer financial assistance
to Nigerian students in tertiary institutions. While it had been signed
earlier, its implementation has faced delays due to issues hindering its
actualisation.
Speaking after signing it into law, the president
said, ‘First of all, I must thank members of the national Assembly for their
expeditious handling of this bill considering the children of Nigeria that
education is the tool to fight against poverty effectively. We are determined
to ensure that education is given the proper attention necessary for the
country including skills development programmes. This is to ensure that no one,
no matter how poor their background is, is not excluded from quality education
and opportunity to build their future.’
All undergraduates of Nigerian universities will be
beneficiaries of the student loan scheme according to Akintunde Sawyer,
who is the CEO of the Nigerian Education Loan Fund NELFUND. He outlined
the requirements for would-be beneficiaries of the loan programme which
President Tinubu signed into law on April 3, fulfilling his promise that
no Nigerian student would drop out due to lack of funds.
The guidelines for applying for student loans
include getting to access the portal by visiting the NELFUND website,
uploading the required documents such as the Joint Admissions and
Matriculation Board (JAMB) admission letter, National Identification number NIN,
Bank verification number BVN, and complete the loan application form by filling
your personal details.
‘You have to be a Nigerian student to apply. You must
also not have defaulted on any previous loans or found guilty of exam
malpractice, felony or drug offenses. For the first stage of the scheme, only
students from federal institutions, universities, polytechnics, and colleges
are eligible to apply,’ The NELFUND boss stated.
However, despite the NELFUND programme notwithstanding, Nigerian
students are facing a mounting crisis – skyrocketing food prices. With headline
inflation levels reaching a staggering 33.69% in April 2024, the highest
in nearly 30 years, students are struggling to put food on the table, jeopardising
their education and well-being. Food inflation, a key driver of overall
inflation, has reached a brutal 40.5%. This means the cost of essential food
items like rice, beans, and vegetables has risen by a staggering 40% compared
to last year. This increase is much faster than any possible increase in
student stipends or allowances, leaving many with difficult choices – eat less,
skip healthy meals, or potentially drop out altogether.
In this special report, we explore the increasingly
difficult financial situation faced by students across Nigeria. From Federal Polytechnic
Nekede to campuses nationwide, rising living costs are posing significant
challenges to student welfare and educational pursuits.
Blessing Ibe, a student of Federal Polytechnic Nekede
studying Cooperative Economics and Food Management, expressed in an interview,
‘I have never entered the school cafeteria to buy anything. However, at the
school gate, a plate of food costs 2000 naira. One day, when we went to buy
food, they informed us of the price increase. We couldn’t afford it anymore.
Wealthy students can afford such prices, but poorer students like me struggle.
Many students now substitute proper meals with snacks like pepper rolls or buns
and a drink, often opting for zobo
instead of coke. Even the price of sachet water has risen to fifty naira each.
These sellers take advantage of our situation, making it difficult for me to
afford water when I’m thirsty. Last year, sachet water was sold for half the
current price.
‘Because everything is so expensive, sometimes I go
without eating at school, saving to eat at home where it’s more affordable.
People exploit our economic hardship. Instead of lowering prices to help us,
they raise them further. This affects us greatly.
‘I appeal to the Federal Government to intervene and
protect students from escalating textbook and food prices. If this economic
hardship continues, many students may not complete their studies up to HND
level. The government should support us to prevent dropouts due to financial
strain.’
Miriam Madukwem
Miriam Madukwem, a sales representative at Sharon Fast Food and also an Accounting student at Federal Polytechnic Nekede, added, ‘The economic challenges have significantly impacted our business. We no longer make the profits we used to, like earning 30,000 naira in a day. Students complain about the high cost of food. Some prefer to skip meals altogether or just drink water. Students ask for reduced prices, but lowering them would mean we can’t cover our costs. We urge the government to assist us. Students are suffering here. With 2000 naira, we can’t even prepare a full meal. They should also address the fluctuating dollar exchange rates and the impact of fuel price hikes.’
Opara Ujunwa Anthonet
Opara Ujunwa Anthonet, an Alvan Ikokwu College of Education graduate, reflected, ‘The high cost of food is a burden on students. I know firsthand the challenges I faced during my student days. It wasn’t easy. I am grateful to have completed my studies, and now I await my National Youth Service. I sincerely urge the federal government to support students so they can complete their studies without undue financial stress.’
Miss Gharis Igwe, (real names withheld) is a 200- level
undergraduate of Alvan Ikoku Federal University of Education, Owerri. She
recounts the present ordeals most students of tertiary institutions
undergo while pursuing academic training in Nigeria.
‘The worst of this situation is not just having to learn
on empty stomach, but having to meet some of the lecturers’ unreasonable
demands. It's like they don't know we are also going through the same hardships
in the country.’
She went on to regret that due to economic hardships the
spate of incidents of thefts have increased in the hostels.
‘Everyone is now extra careful with their property and
how they keep them safe and secure to avoid stories that touch the heart.’
Hook-ups and Yahoo fraud has become the order of the
day for many of our students in campuses to make ends meet.’
To further help students cope with their academic
pursuits, Scholarships, educational grants, and student bursaries are given by
some individuals and companies like
The Guiness Nigeria undergraduate scholarship that provides
full time tuition for students who are currently studying in public Nigerian
universities.
Jim Ovia foundation scholarship is fully founded by
Mr. Jim Ovia to provide financial aid to outstanding Nigeria youths. It was
formerly known as the MUSTE scholarship mankind United to support total
education. It is founded and funded by Mr. Jim Ovia in 1998.
Gani Fawehimi Scholarship for Nigerian students. MTN
scholarships: MTN science and technology scholarship since 2010 has been open
to eligible 300 level students studying science and technology related courses.
Other undergraduate scholarships available UNICEF
scholarship, The David Oyedepo Foundation scholarship program.
The Nigerian women Association of Georgia each year
awards scholarship to 37 women in Nigeria, one each from the 36 states and
Federal capital territory.
Oil and gas companies like Shell Nigeria Petroleum
development company joint venture, NNPC, SEPLAT, as well as agencies
such as PTF, TETFUND etc offer scholarship and bursaries to eligible
students.