The UK model is the reason it is sustainable. Government doesn't need to find new money to loan other students. Repayments by graduates fund the loans to current students. Can't say the same for NELFUND.
And people who don't want to take the UK student loan have other viable options.
@SirJarus@_Abou_bakr I’m not even taking a draw. Man City have to be the underdogs and we must keep than in their place. A win 5-1 again isn’t too much.
@OneSodiqAlabii@lumbyte I’ll be making a speech in the next few months, where I have the liberty to choose what to talk about, and I’m seriously considering speaking about Awo. To an audience who know almost nothing about ‘founding fathers’ in Africa, apart from maybe Mandela.
At my first interview at KPMG, the interviewer asked why I wanted to do tax.
I responded by saying:
“I am eager to assist taxpayers in contributing their fair share, thereby increasing government revenue and aiding in Nigeria's development. My love for Nigeria drives me to want to see it prosper, and that's my motivation for choosing tax”
Upon joining, the manager who interviewed me - now a partner - said:
“I didn’t believe your response but I appreciate the cleverness, and that’s part of why you’re here”
That many middle class people enroll their kids into private schools, because public school education isn’t great, suggests two things:
- We can raise the money from people to fund quality public education so we all don’t have to individually worry about school fees.
- The competence to deliver quality education exists among us.
Quality public education is essentially private education with the benefit of economies of scale.
But it looks like we have a fundamental ‘incentive’ problem. When people don’t have personal interest in a venture, they tend not to give their best. It partly explains why private schools and other private ventures outshine their government-owned counterparts.