The Academic Staff Union of Universities (ASUU) has again warned the President Bola Tinubu-led Nigerian government over its proposed student loan, saying beneficiaries of such initiative in other countries were committing suicide as a result of debts. The union, therefore, asked Tinubu to change the newly assented Students Loans Act to grants for poor students. ASUU National President, Prof Emmanuel Osodeke, gave the advice on Channels Television’s Sunday Politics.
People In Other Countries Who Took Students Loans Are Committing Suicide – ASUU Warns President TinubuThe union, therefore, asked Tinubu to change the newly assented Students Loans Act to grants for poor students.
The union, therefore, asked Tinubu to change the newly assented Students Loans Act to grants for poor students. He said: “This would have been better if we are giving it to those set of students who are very poor, it should be called a grant, not a loan. “In 1994, 1993, the military enacted Decree 50 also set up a Students’ Loan Board. The National Assembly domesticated it in 2004 and within a year, it went off. The money disappeared. We want to see how this one will be different,” Osodeke added.He said more than 90% of students would not meet the requirements to access the loan.
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