The National Association of Nigerian Students (NANS) is advocating for a significant boost in student loans from N20,000 to N40,000 in response to the recent increase in fuel prices.
This call was made by NANS Senate President, Babatunde Akinteye, during a press conference in Abuja on Monday.
Akinteye highlighted that the proposed adjustment is crucial to help students cope with the escalating cost of living while ensuring they can continue their education without undue financial pressure.
He also urged the Federal Government to curtail excessive spending, asserting that it is vital for those in positions of power to set an example during these challenging times.
“We find ourselves at a pivotal juncture in our nation’s history, where the weight of economic reforms has cast a shadow of discomfort, hunger, and despair across our land,” Akinteye remarked.
He stressed the severe impact of rising fuel prices on students and the broader populace, advocating for measured and strategic responses rather than immediate protests.
Akinteye encouraged patience and calm, emphasizing that President Bola Tinubu’s reforms, though difficult, are expected to yield positive outcomes.
He stated, “The reality we face today is daunting, and the uncertainty of these times cannot be understated. Yet, amid these challenges, we must stand united and clear-headed.”
Acknowledging the widespread difficulties caused by issues such as foreign exchange irregularities and fuel scarcity, Akinteye urged the government to tackle these problems head-on. He emphasized the need for careful and deliberate actions, noting that while the economic strain is particularly severe for lower-income groups, it is important to avoid hasty reactions.
“The safety of every Nigerian student is a top priority of NANS,” Akinteye concluded, affirming the association’s commitment to safeguarding students from potential risks associated with protests.