The National Association of Nigerian Students (NANS) has called for an increase in student loans from N20,000 to N40,000, citing the recent surge in fuel prices as a primary reason.
At a news conference in Abuja on Monday, NANS Senate President Babatunde Akinteye highlighted that the proposed adjustment is crucial for students to manage the escalating cost of living and continue their education without undue financial strain.
Akinteye also urged the Federal Government to reduce excessive spending, advocating for a demonstration of leadership by example in these challenging times.
He called for unity and patience, expressing confidence that President Bola Tinubu’s reforms would eventually bring positive outcomes.
“We are at a critical point in our nation’s history, where economic reforms have led to widespread discomfort and hardship,” Akinteye stated.
“The current situation is difficult, and while it is essential to address these issues, we must do so with calm and thoughtful action rather than impulsive protests.”
He acknowledged the severe impact of high fuel prices on students and the lower class but emphasized the importance of cautious and strategic responses.
Akinteye reassured that NANS prioritizes the safety of students and is committed to avoiding actions that could endanger them.
“We must resist the urge to react in haste and focus on preserving life and liberty,” he concluded.