PDM MP Concerned About Proposed NSFAF Loan Repayment

The Popular Democratic Movement’s (PDM) MP Maximalliant Katjimune has voiced concerns about tying student loan forgiveness to job creation at NSFAF.

Katjimune emphasised the necessity of a comprehensive approach, underscoring that not all youth aspire to be entrepreneurs and stressing the importance of equal opportunities for everyone.

Katjimune was contributing to the motion on incentivizing NSFAF loan beneficiaries for entrepreneurship and job creation by the Deputy Minister of Works and Transport, Veikko Nekundi.

The MP raised questions about the practical implementation of the motion, particularly how beneficiaries would be compelled to approach NSFAF if they failed to create the proposed jobs.

He pointed out a lack of clarity on the portion of loans afforded to those who take out loans for job creation but are unable to fulfil the requirements.

“The proposition heavily favouring entrepreneur ventures places an undue burden on those aspiring between the workforce. These individuals, despite their essential contributions to the country’s economy through employment, remain encumbered by student debt. This creates a stark disparity, leaving a segment of the youth struggling under the weight of financial obligations while endeavouring to build their careers, thus impeding economic mobility. A comprehensive approach to considering the diverse aspirations and contributions of the youth ensures fairness and equal opportunities for all in our society.”

Katjimune scrutinised the existing challenges in the business environment, noting the difficulty for young entrepreneurs in accessing loans and establishing sustainable ventures.

He also questioned the viability of the proposed solution, highlighting the potential burden on graduates with student debt and the lack of clarity on technicalities.

“We need a more comprehensive approach that ensures fairness and equal opportunities for all in our society. Creating jobs does not guarantee stability or contribute to the economic condition. We must question the sustainability and permanence of these positions and inquire about the methodology in place for gauging the calibre of the quality of employment generated, especially when the primary motivation is alleviation from student debt.”