• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Students Express Concern Over Loan Repayment Amid Growing Job Shortage

by Henry Tyohemba
7 months ago
in Education
Students Express Concern Over Loan Repayment Amid Growing Job Shortage
Share on WhatsAppShare on FacebookShare on XTelegram

Nigerian students are increasingly expressing concerns over the looming challenge of repaying government-issued student loans, especially in light of the country’s growing job shortage.

Advertisement

The government’s introduction of the Nigerian Educational Loan Fund (NELFUND) was initially seen as a beacon of hope for many students, offering loans to cover tuition fees and other academic expenses.

However, this financial assistance is now accompanied by a heavy burden of uncertainty, as students worry about how they will fulfill their repayment obligations after graduation, given the country’s economic challenges.

With Nigeria’s unemployment rate escalating and job opportunities for graduates remaining scarce, students who once relied on NELFUND to ease their educational burdens are now faced with the harsh reality of a job market that is unable to absorb the growing number of qualified graduates.

The introduction of the loan system, which was meant to promote higher education accessibility, now raises serious concerns about its long-term viability.

RELATED

WAEC Records 76.36% Pass In 2022 WASSCE

Expert Blames WASSCE Failures On Society’s Embrace Of Mediocrity

1 day ago
Military Disperses Protesters At Ahmadu Bello Varsity’s North Gate   

ABU Calls For Urgent Security Measures Following Suleiman’s Killing

2 days ago

As more students sign up for NELFUND, the apprehension surrounding repayment grows. There is increasing skepticism about how graduates will repay their loans without secure job prospects or sufficient income.

The president of the Students Union Government (SUG) at the University of Abuja, Comrade Bashir Abdullahi Muhammed, voiced his concern, noting that many students are hesitant to apply for loans due to the uncertainty of their futures.

He pointed out that the government has failed to create an environment conducive to job creation, further complicating the repayment process.

“What are the opportunities there? If you finish school, what are the available options that you have? What are the jobs? What can I do? You have millions of dollars left after school. What can you take from it?

“I can use it for one day. Are you going to forever remain in debt?” he asked.

Similarly, the chairperson of the Non-Academic Staff Union (NASU), Sadiya I. Hassan, emphasised that imposing loans on students without providing the means to repay them is a flawed system.

She criticised the government’s approach, noting that even more developed countries with better economic conditions are moving away from student loans.

“Then in Nigeria, they don’t want you to graduate and get a job. So how do students pay back? You end up in jail?” she said, reflecting the growing discontent with the system.”

Cletus, a 400-level student at the Federal University of Agriculture in Makurdi, who recently received his N20,000 upkeep fee and loan, also expressed his reservations.

While he commended the government for offering the loan, he acknowledged the difficulty of repayment in a harsh economic environment with few job opportunities.

“I would want the government to diversify alternatives for students who get their loans, offering programs and jobs that would facilitate repayment. If not, I’m not sure most of the students jubilating now may have issues when it’s time to pay,” he said.

Cletus also pointed out the stark reality of low-paying jobs, where salaries in some organisations barely cover living expenses.

“Right now, some organisations still pay N40k-N50k salaries. How do you expect someone who earns N50k or even N100k to repay a loan when their monthly transportation costs are over N50,000?” he asked


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: NELFUNDStudent loan
SendShareTweetShare
Previous Post

NELFUND Disburses ₦136.7m To Joseph Sarwan Tarka Varsity

Next Post

Northern Groups Reject Telecom Tariff Hike

Henry Tyohemba

Henry Tyohemba

You May Like

WAEC Records 76.36% Pass In 2022 WASSCE
Education

Expert Blames WASSCE Failures On Society’s Embrace Of Mediocrity

2025/08/07
Military Disperses Protesters At Ahmadu Bello Varsity’s North Gate   
Education

ABU Calls For Urgent Security Measures Following Suleiman’s Killing

2025/08/07
Students Express Concern Over Loan Repayment Amid Growing Job Shortage
Education

SUBEBs Chairmen Back UBEC Boss, Condemn Blackmail Campaign

2025/08/07
BREAKING: Federal Gov’t Reverses 18-yr Entry Age For Varsity Education
Education

FG Commends Yobe Over Achievements In Basic Education

2025/08/07
WAEC Records 76.36% Pass In 2022 WASSCE
Education

Lawmaker Gives WAEC 7-Day Ultimatum To Release Result Of 192,089 Candidates

2025/08/07
209 Bag First Class Degrees At FUD Convocation
Education

Jigawa Varsity Secures TETFund’s N1b Fund For Innovation Hub

2025/08/07
Leadership Conference advertisement

LATEST

PICTORIAL: Remi Tinubu Visits Ex-First Lady Aisha Buhari In Kaduna

BBNaija 10: ‘I’m Not 21,’ Koyin Reveals Real Age

BBNaija10: Men Sleep In Sultana’s Bed — Victory

Oyo Gov’t Denies False Pension Verification Notice

JUST-IN: Police Release Activist Omoyele Sowore From Detention

Late Olubadan, Oba Olakulehin, Laid To Rest

Singer KWAM 1 Apologises Over Abuja Airport Melee

Police Neutralise Suspect, Foil Armed Robbery In Enugu

Katsina Police Arrest 302 Suspects, Rescue 50 Kidnap Victims 

NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.