The National Association of Nigerian Students has urged the federal government to increase the student loan upkeep from N20,000 to N40,000.
The student body argues that this adjustment is necessary because of the current inflation in the country.
Speaking at a news conference in Abuja on Monday, NANS Senate President Akinteye Babatunde highlighted the financial struggles students are facing due to recent fuel price increases. Babatunde said, “While we understand that the removal of fuel subsidies aims to benefit the greater good, we request visible benefits amid the current hardship.”
He also pointed out that many ministries have been passive and silent, failing to communicate their plans or progress to the Nigerian people. He added, “It is time for a more dynamic and accountable government.”
Babatunde emphasized that reducing excessive government spending should be a priority, noting that it is only fair for those in power to lead by example when Nigerians are being asked to make sacrifices. He stated, “In light of the financial difficulties facing students, we also take this opportunity to appeal to the government to increase the student loan upkeep from N20,000 to N40,000. This adjustment is essential to help students cope with the rising cost of living and ensure they can continue their education without undue financial strain.”
NANS has decided to take its demands directly to key bodies like the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), as well as the government. Babatunde announced, “We are constituting a 10-man committee representing all structures of NANS to engage with these bodies within the next week. Our goal is to present our demands, highlight possible solutions, and expedite efforts to reduce fuel prices while securing tangible solutions to the challenges we face.”
He also called on security agencies to act decisively against anyone trying to disrupt the peace under the guise of NANS. He emphasized that NANS prefers constructive engagement with the government and other stakeholders to resolve their grievances rather than actions that could harm the nation’s progress.
