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"content": "The Higher Education Loans Board Act is very clear. One of its functions is to solicit for funds and other assistance to promote the function of the Board. That means the Board can solicit for funds so that it can lend to potential beneficiaries. The other function is to borrow such monies from such sources as may be approved by the Minister in concurrence with the Treasury and secure such loans in such manner as it deems fit. So far, the HELB has only been getting money from the Government. The Board gets a budgetary allocation from the Government which it adds onto its kitty for onward lending. The HELB has not exploited this section that allows it to acquire money in different ways. This has constrained it to the extent that it is unable to cover the number of students it should cover."
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