Monthly Archives July 2023

Tinubu’s student loan plan is great. But there is a better way to do it.

The Federal Government of Nigeria recently signed the Student Loans (Access to Higher Education Act, 2023 into law. This is a big step in the right direction of providing affordable credit for all Nigerians. Nigeria can’t grow without credit – that’s a fact.  Only a little over 1% of Nigerians are successfully enrolled in a […]

Without access to credit for everyone, Nigeria can’t hit the growth it wants

Let’s start with a story about Bimpe and Uche. Bimpe, a graduate of Sociology from the University of Lagos, is working an underpaying job with no growth prospects. With a salary of N100,000 and more mouths to feed than she could afford, Bimpe was miserable. She couldn’t continue living that way and she decided to […]