Nigerian govt extends student loan to skill programmes enrollees
How Student Loan Should Work in a Developing Economy Like Nigeria
• The National Bureau of Statistics reported a 3.13% real GDP growth in Q1 2025 (post-rebasing), driven predominantly by the services sector, though still below expectations (Reuters).
• ICT Sector Growth: The National Bureau of Statistics reported a 31.63% nominal growth in Nigeria’s Information and Communication Technology (ICT) sector in Q1 2025, indicating a positive trend in digital infrastructure and services. (Vanguard News)
•• Persistent Insecurity and Government Efforts: Insecurity, particularly banditry and kidnapping in the Northwest, remains a critical concern. While President Tinubu has assured Nigerians that the country is in "safe hands" and highlighted efforts to rebuild communities affected by violence, incidents like the recent abduction of nearly 100 people in Zamfara State underscore the ongoing challenges.
• Focus on Homegrown Security Solutions: Experts are advocating for Nigeria to leverage its indigenous capacity in manufacturing security equipment, such as drones and bombs, to reduce reliance on foreign imports and effectively tackle evolving security threats.• Inter-Agency Collaboration in Security: There's an emphasis on recalibrating Nigeria's security architecture through greater inter-agency collaboration and intelligence-led operations to combat asymmetric and unpredictable threats. The commissioning of the AFN Joint Doctrine and Welfare Centre is seen as a step towards fostering operational harmony.
