Reasons the Academic Staff Union of Universities, ASUU, is against the Nigeria Student Loan Bill centres on the imminent and unavoidable disaster it would pan out to become.
Already, in the country’s education sector, there are existing problems the union is struggling to fix while they believe the Federal Government is attempting to complicate things further.
Professor Emmanuel Osedeke, ASUU President, insisted that it would be difficult for Nigerian university students to pay back the money collected to complete their schooling.
This aforementioned factor that would hinder reimbursement is the present high unemployment level among the youth of the nation.
Prof Osodeke made the Union’s position public during the second day of the National Summit on tertiary education reform in Abuja, Nigeria.
On behalf of ASUU Nigeria, he condemned the government’s proposal of N250,000 per session as a tuition fee, wherein students would each apply for a loan of N500,000 to pay and sustain themselves.
Clearly, from the indications above, any student who cannot access the loan is at risk of forfeiting a university education, considering the level of poverty in the land as well as the current minimum wage.