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This is true. In fact it is the opposite, how will the students pay back the loan, instead of creating jobs for students, he's busy trying to depress them, not fair.
“Student loan doesn′t address tertiary education problems, says Bolaji Abdullahi in Agora paper - TheCable
Agora Policy has advised FG to increase funding for public tertiary institutions before implementing the student loan policy.

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Show some love. Gift @chilly something as TIPs
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