Tinubu knocks critics over student loan scheme

President Bola Tinubu has knocked scholars and critics of the student loan scheme introduced by his administration, saying that the scheme would be pursued with all intent in the interest of Nigerian students.

The president noted that the student loan scheme was introduced to give equal access to quality education by the students, especially the vulnerable ones towards competing with their counterparts across the world.

Tinubu who spoke at the weekend during the eighth convocation ceremony of the Federal University, Oye-Ekiti (FUOYE) expressed displeasure to critics of the scheme, calling on them to offer advice and suggestions on how to improve it.

The high point of the ceremony was the conferment of honourary degree of the university on the senate leader, Senator Opeyemi Bamidele (Doctor of Public Law); Chairman, Senate Committee on Appropriations, Senator Solomon Adeola( Doctor of Accounting) and the Chairman House of Representatives committee on Navy, Yusuf Gadji (Doctor of Political Science)

Represented by the deputy senate president, Senator Jibril Barau, the president said education remains a crucial aspect of his agenda for the socio-economic development of the country, assuring stakeholders that his administration would ensure, “ education is accessible by all willing Nigerians through pragmatic funding and realistic policies.”

Tinubu said, “ One thing that should be known is that education is not cheap anywhere in the world. This government is not ready to endorse the education that will not advance this nation.

“ Student loan schemes are not rocket science initiatives, they are designed to grant access to all who are willing and who know the value of education in a way to take the burden off numerous individuals and communities who may have been intervening painfully in sending their wards to school.

“ I expect that scholars would advise the government by calling our attention to how best this could be managed in their respective institutions, rather than cast aspersions on the idea.

“ By the grace of the Almighty God, there is no going back on the student loan scheme because we are not ready to compromise good standards in education.”

He encouraged FUOYE and other institutions in the country to be above board in contributing to the development of the country with cutting-edge research and embrace the realities of a twenty-first century where technology is taking the lead.

“ Institutions of higher learning must recognize the next possible disruptions that technology may bring and must be properly positioned to mitigate the challenges and must from time to time take charge of innovations.

“ Without education playing this catalytic role, not much development can be recorded in any nation in this century. Universities in particular should be the vanguard of research, teaching, and community service in line with the tripartite mandate,” Tinubu said.

On his part, the chancellor of FUOYE, the Attah of Igala land, Dr Mattew Opaluwa said the Vice-chancellor, Professor Abayomi Fasina since his assumption in 2021, and his team, “ have brought exemplary leadership, innovation, transparency and a spirit of welfarism to advance the visions of the founding fathers.

On the challenges of funding, the chancellor called on stakeholders, especially private individuals to support the N50 billion endowment fund of the university,” to reposition FUOYE in its statutory role of providing a bedrock for the future growth and development of Nigeria.

The Ekiti state governor, Biodun Oyebanji called on universities in the country to prioritise research efforts aimed at tackling critical challenges confronting the nation as well as producing graduates who are solution providers.

Governor Oyebanji stressed the need for institutions to produce graduates equipped with the skills and mindset to tackle the pressing problems of the country head-on.

He justified the importance of nurturing a generation of problem solvers poised to drive sustainable development, urging universities to revamp their curricula to emphasize critical thinking, creativity, and entrepreneurship that could provide solutions to the problems of this country.

“As a government, we will continue to collaborate with this institution but I plead with you sir, university must put a lot of emphasis on research, we must produce solution providers, people that will help to solve the problem of this country,” the Governor said.

Speaking on behalf of the honourees, the Senate majority leader, Senator Bamidele said they valued the honour conferred on them by the university and expressed their profound appreciation for the recognition bestowed upon them

He said the honorary degree conferred on them serves as testament to their dedication, achievement, and commitment to excellence in their respective fields.