Students’ Loan Will Reduce Dropouts, Says VC

Prof. Ayodeji Agboola, Vice Chancellor of Olabisi Onabanjo University, Ago -Iwoye, Ogun State, has stated that President Bola Tinubu’s Students Loan Scheme will reduce dropouts in the university system.

He made the remarks on Wednesday, shortly after being sworn in as the University’s 11th Vice-Chancellor.

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According to Agboola, if the scheme is properly implemented and sustained, it will reduce “drastically the number of students who drop out of schools yearly” due to financial difficulties.

He said;

I use OOU as an example of how students will have access to funding to be able to pursue their careers.

Take for example if a student has access to the loan, I‘m very sure 2000 of them out of 10,000 would not be applying for leave of absence every year due to lack of funds.

Out of 10,000 students, I believe with students loan, the number of students that are dropping out of the school year as a result of lack of funding will reduce drastically.