Student loan scheme, a gift after taking five from common man

A PDP chieftain, Rilwan Olanrewaju, has said the capitalist economy President Bola Tinubu is operating is not favourableSpeaking on the student loan scheme recently assented to by Tinubu, Olanrewaju said it was like collecting five things from Nigerians and giving them oneThe PDP chieftain listed that the president has mismanaged the economy, coupled with the removal of the fuel subsidiesLegit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

Rilwan Olanrewaju, a chieftain of the Peoples Democratic Party (PDP), has condemned President Bola Tinubu’s capitalist strategy.

Speaking with Legit.ng in an exclusive interview, Olanrewaju maintained that President Tinubu’s recent assent to the student loan bill was like giving one thing to the people and collecting five from them.

PDP chieftain knocked Tinubu over student loan bill
Photo Credit: Bola Ahmed Tinubu
Source: TwitterHe stressed that the president removed fuel subsidies and increased the electricity tariff, inflation was on the high side, and the cost of living had drastically increased before the student loan was eventually assented to.

PDP chieftain reacts to Tinubu’s student loan schemePresident Tinubu signed the amended student loan bill into law on Wednesday, April 4, after it was passed by the House of Representatives and the Senate, respectively.

The PDP chieftain said:

“The student loan is like, “I take five things and give you one.” You removed subsidies, destroyed our currency, increased customs duties and electricity tariffs, caused inflation, and later introduced insufficient student loans. That’s evil. “Nothing else but evil, and I believe if this was how life was when those in power were growing up, most of them wouldn’t even make it to the top as they are destroying a lot of homes with their inexperience, cluelessness and incompetence. “Nigerians are currently living on palliatives to survive like a nation at war. It’s going to keep getting worse unless those in power change their mindset.”Lagos to Calabar highway: Atiku knocks TinubuLegit.ng earlier reported that the PDP flagbearer in the 2023 presidential election, Atiku Abubakar, has knocked President Bola Tinubu on the award of the Lagos-Calabar highway project.

In a statement, Atiku challenged the presidency to reveal the project’s cost to Nigerians and explain why N1.06tn was released for the 6% pilot phase.

The former vice president asked seven questions about the project and urged the presidency to respond without insult.

Source: Legit.ng