FG’s student loan designed to enrich private varsity owners — ASUU

The Academic Staff Union of Universities (ASUU) has criticized the Federal Government's student loan initiative, asserting that it is designed to benefit private university owners. ASUU President, Prof Emmanuel Osodeke, represented by his deputy, Christopher Piwuna, expressed these concerns during a press interaction in Bauchi. Osodeke argued that the proposed student loan, if implemented, would likely contribute to the enrichment of a few individuals who own private universities in the country.

Speaking at an event where scholarships were awarded to undergraduate students in the Bauchi Zone of the union, Osodeke suggested that the government should reconsider the loan model and instead provide grants to institutions and students. He emphasized the belief that the Nigerian state is capable of adequately funding education without resorting to a loan system.

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The ASUU President cited instances of substantial allowances within the National Assembly, asserting that such resources could be directed towards funding education. He recalled the release of N200 billion in 2013 by the administration of President Goodluck Jonathan as part of the Needs Assessment, highlighting the impact and the potential positive outcomes if the government takes education funding seriously.

In addition to expressing reservations about the student loan, ASUU used the occasion to reiterate its dedication to advocating for quality tertiary education. The union, through its scholarship program, aims to support indigent students who face challenges in meeting their educational expenses.

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While addressing the scholarship recipients, Osodeke urged them to become ASUU ambassadors on their campuses. He emphasized the union's commitment to protecting the interests of its members and advancing the welfare of Nigerian students. The scholarship award ceremony in Bauchi is part of ASUU's annual initiative to recognize and support students in need, aligning with its broader goals of enhancing the educational system in the country.