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New Nation to float student loan scheme in Nigeria

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New Nation, a grass-roots empowerment project, is set to float student loan scheme in Nigeria by June 2013, as obtainable in developing countries like America.

Chairman of the project, Mr. Charles Dukwe, revealed this during a press conference in Lagos.

Dukwe advised the government to set up an educational scheme that will drive student efforts in their academics, stating that most Nigerian parents die of high blood pressure as a result of their inability to pay their children’s school fees.

He added that student loan programme is available in almost all the countries of the world and Nigeria should not be an exception.

Accordingly, he said, “Barrack Obama would not have become the US President if there was no student loan in America. He was brought up by a single mother, and the only way he could go to the university was through America’s student loan programme. There are Barrack Obamas in Nigeria selling pure water, and if you look at the statistics of parents, or what kill people in Nigeria, you see high blood pressure is the number one killer and high blood pressure in Nigeria is triggered by school fees.

“In America and the rest of the world, parents do not pay school fees for their children, students take student loan till they graduate and when they start working, they pay back with interest.

“We are introducing that in Nigeria in June and other programmes that will make this country better, it is possible for Nigeria to be a better place. What we are doing is something that is relevant in Nigeria. We are into grassroots empowerment. We are going to be launching five major economic programmes in June,” he said.

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