OOU Vice Chancellor Okays Proposed Student Loan, Wants Effective Implementation
The Vice Chancellor of the Olabisi Onabanjo University, Ago-iwoye (OOU), Professor Ayodeji Agboola, has backed the proposed student loan.
The Vice Chancellor said if properly implemented, the proposed loan would help to drastically reduce the rising number of students dropping out yearly from Nigeria’s university system.
Agboola speaking to newsmen after his investiture as the Vice Chancellor of the university, described the initiative of the Tinubu administration as a worthy development.
He, however, called for effective implementation to ensure the sustenance of the loan programme.
Using his university as an example, the Vice Chancellor said 2,000 out of every 10,000 students dropped out yearly, or apply for a leave of absence, due to financial problems.
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According to him, some of the students who often applied for leave of absence due to financial problems would remain in the university system to complete their programmes.
The proposed students loan is to be interest free, but available for indigent students in both public and private universities.
Earlier, Agboola had highlighted the achievements of the 40-year-old varsity, saying OOU has produced over 270,000 graduates.
He also added that the institution has 105 professors and 77 Readers as of June 2023.
He added that the achievements were recorded through innovative strategies, culture of academic excellence, high-impact research, and improved student experience.
The event was attended by dignitaries including Governor Dapo Abiodun, Pro-Chancellor, Prof. Toyin Ashiru, former deputy governor of the state, Gbenga Kaka, the Akarigbo of Remoland, Oba Babatunde Ajayi, the Ebumawe of Ago-Iwoye, Oba AbdulRasaq Adenugba, among others.
