NANS seeks review of student loan amid fuel price hike

The National Association of Nigerian Students (NANS) has urged the Federal Government to increase the N20,000 stipend paid to student loan recipients by the Nigerian Education Loan Fund (NELFUND) to N40,000.

NANS Senate President Akinteye Babatunde stated that this will allow students to adjust to the recent increase in petrol pump prices by the Nigerian National Petroleum Company Limited (NNPCL).

Addressing reporters yesterday in Abuja, he said: “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.

“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. Burning down our country is not an option; it is not a solution.

“As the foremost student and youth movement in Africa, we share the same struggles, hopes, and aspirations as every Nigerian.

“However, we urge the President to consider the plight of ordinary Nigerians as these reforms take shape. We respectfully ask that these policies be rolled out in phases to give citizens the breathing space to adapt and survive.

“While we understand that the removal of fuel subsidies is intended for the greater good, we ask for visible benefits amid the current hardship.

“Furthermore, we call for the dismissal of non-performing ministers. Many ministries have been passive, indifferent, and silent, failing to communicate their plans or progress to the Nigerian people. It is time for a more dynamic and accountable government.