However, mixed reactions have trailed the development from all and sundry. Consequently, Legit.ng spoke with some students.
Khadeejah Yusuf, an English Language student at the University of Ilorin (UNILORIN), Kwara state, northcentral Nigeria, feels the scheme will be helpful — albeit with a few reservations. UNILORIN is a federal government-owned university.
She said:
"I feel it’s a nice move on President Tinubu’s part, but the conditions attached to the loan 'choke’, I must say. Concurrently, school fees will be more expensive because the federal government’s part in it has indirectly been cancelled. That's my little worry."
Similarly, Yusuf's schoolmate, Tawfeeqah Ajetunmobi, expressed optimism.
"Well, It's a very good thing to do. It would help a lot of students sponsoring themselves to school and those whose parents are struggling.
"Hopefully, it will be beneficial as we hope.
"I am not having much expectations (on the present administration), but I pray this goes well."