A lecturer at the Department of English, University of Port Harcourt, identified as Mazi Eze, has lamented the denial of his loan application of N5 million, News About Nigeria reports.
The English lecturer expressed his sadness in a post on his Facebook page on Thursday, stating that his poor salary was identified as the reason his loan request was denied.
Mazi Eze recounted the embarrassing ordeal that happened when he visited First Bank, Choba in Port Harcourt to request a loan of N5 million, which was to be used to enhance his Public Speaking Academy Limited and acquire social media gadgets.
According to her, he could only be loaned a little above N1 million, which is an amount that is payable within three years.
He stated that instead of giving him the loan he requested, he was told by his account officer that his request would have to be denied because his salary was not enough for the loan he demanded.
He disclosed that he earns N191,000 as a lecturer in a federal university monthly, maintaining that it was disappointing.
“Yesterday, I got insulted big time! By my UNIPORT salary!” he said.
The UNIPORT lecturer noted that some of his counterparts in other states’ universities and even Polytechnics including Federal Polytechnic, Nekede, Bori Polytechnic, and Rivers State University earn between N230,000 and N250,000 monthly, adding that N230,000 to N250,000 monthly is peanuts in the present economy.
“In the next six to eight years, by God’s grace and through determination and diligence, I’ll become a professor, and my salary will be a miserable N440,000 monthly. Me, I’m tired sef!” he added.
