The Academic Staff Union of Universities (ASUU) says poor and indigent students will not benefit from the students’ loan recently introduced by the Federal Government because of the conditions attached.
Dr Mwolwus Jurbe, Chairman of the University of Jos Chapter of ASUU, who said this in an interview with the News Agency of Nigeria on Saturday in Jos, maintained that the conditions attached to the loan were not for the children of the poor, who were supposed to be the target beneficiaries.
The applicant’s income or family income should not exceed N500,000 per annum, and he or she must provide a minimum of two civil servants as guarantors. Self-employed beneficiaries would remit 10 per cent of their total monthly profit to the designated student loan account to be prescribed by the bank.
“So, this loan will force parents to fund education, and it simply means that children of poor Nigerians can’t go to school,’’ he said. “The fact remains that many jobless graduates who obtain such loans while in higher institutions would become indebted to the government and unable to repay in time. Some of the stakeholders who spoke with NAN in Jalingo expressed doubts over the success of the scheme, saying its implementation might be difficult.
Angyu explained that the conditions of surety by high-ranking officials to remove officials of government, enshrined in the document, would make it difficult for the common man’s children to access. However, a secondary school teacher in Benue, Mr Fred Injua, has lauded President Bola Tinubu for initiating the scheme.
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