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NCE permits setting up Education Bank and Study Loan Board

A communique released to the media after the two-day event said that the council has also taken measures to establish a special intervention fund for persons with special needs just as it said that investments in education should be tax deductible.


Devdiscourse news desk 03 Aug 2018, 02:41 AM Nigeria
  • Owing to the condition, The National Council on Education has approved the establishment of Educational Bank and study loan boards, which will be providing loans at concessionary interest rates to allow students easy access to funds thus taking measures to eradicate the problem of poverty of the families resulting in students to drop out of schools. (Image Credit: Twitter)

Education in Nigeria is overseen by the ministry of education. Though they are a lot of projects and state-controlled policy implanted in order to develop the education sector yet Nigeria possesses the largest population of out of school learning youth in the world, as per the journal titled 'The political will and quality of Basic Education'.

Owing to the condition, The National Council on Education has approved the establishment of Educational Bank and study loan boards, which will be providing loans at concessionary interest rates to allow students easy access to funds thus taking measures to eradicate the problem of poverty of the families resulting in students to drop out of schools.

The council, which took the decision at its 63rd Conference held at Abuja, also requested other states of the federation to come forward and establish what it is called as “Education Fund” which priorities especially on funding teacher development and secondary education.

A communique released to the media after the two-day event said that the council has also taken measures to establish a special intervention fund for persons with special needs just as it said that investments in education should be tax deductible.

After extensive talks on the memoranda presented to the council, It noted that “there was no special crafted policy by the federal government to ensure that our girls are insulated from attacks. This viewpoint came after the recent “Chikbok Girls” and the recent "Dapchi girls" kidnapping girls came onto the scene. These are the indicators to the unsafe nature of our schools for teaching and learning.

The council lamenting on this issue said, “A national policy on safety and security in schools in Nigeria will mitigate the insecurity in the education sector.


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