✦ LIBER ✦

Student loans in Nigeria

✍ Scribed by E. J. Chuta

Book ID: 104637593
Publisher: Springer
Year: 1992
Tongue: English
Weight: 386 KB
Volume: 23
Category: Article
ISSN: 0018-1560
DOI: 10.1007/bf00138630

No coin nor oath required. For personal study only.

✦ Synopsis

The Nigerian Students Loans Board was first established in 1972, and between 1973 and 1991 it provided loans totalling 46 million Naira, to help Nigerian students finance undergraduate or postgraduate study in Nigeria or abroad. There have been severe problems, however, and the rate of recovery of loan repayments has been very disappointing. This article describes the operation of the student loan programme in Nigeria and its past problems, outlines the current attempts of the Nigerian Students Loans Board to improve the efficiency of loan collection and proposes the establishment of a new Education Bank to finance student loans and other forms of investment in higher education.

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