The Africa Review in Five highlights African current affairs from a Christian perspective. Listen and subscribe through Youtube, Apple Podcasts, or Spotify.

Today is Friday, June 16th, A.D. 2023. This is The Africa Review in Five, written by Paul Schlehlein and presented by Yamikani Katunga

Silly Student Loans

According to the Nigerian Premium Times, on Monday, June 12th, Nigerian President Bola Tinubu signed into law a bill to establish a Students Loan Fund to provide interest-free loans to Nigerians seeking higher education.

But contrary to popular opinion, these interest-free student loans are most likely unwise, not only in Nigeria but worldwide. Why? Because there is little chance these loans will be repaid. This is for three reasons.