Federal Government’s Student Loan Sparks Controversy
The Academic Staff Union of Universities (ASUU), Calabar Zone, has criticised the Federal Government’s new student loan initiative. ASUU claims it will burden Nigerian students with perpetual debt, making them financially dependent for life. 3,764 students across 126 institutions on its opening day, which was last Friday, has registered for it. The Federal Government claims the initiative ensures financial constraints won’t hinder Nigerian youths from accessing higher education.
ASUU’s Stance on the Student Loan
Addressing a press conference in Uyo, Akwa Ibom State, ASUU Zonal Chairperson, Dr Happiness Uduk, vehemently criticised the loan scheme. Uduk highlighted that leaders who benefited from scholarships and subsidies now impose loans on students. She insisted that the loan scheme aims to keep Nigerian youths indebted for life.
Alternative Proposals from ASUU
Dr Uduk’s stance aligns with ASUU National President, Prof. Emmanuel Osodeke, who has consistently argued for bursaries instead of loans. Uduk and her colleagues advocate for financial aid through subventions to higher institutions instead of loans for students. They argue loans could lead to severe consequences, such as depression and intellectual loss among students.
Concerns Over University Funding
During the press conference, Uduk condemned the proliferation of universities in Nigeria without adequate funding. She urged the Federal Government to reconsider its strategy and focus on improving existing institutions. According to Uduk, proper funding and resources would transform Nigerian universities, making them self-reliant and capable of offering subsidised education..
Call for Renegotiation and Implementation of Agreements
Furthermore, Uduk called on the government to renegotiate the terms agreed upon by ASUU and the government committee led by Prof. Nimi Brigs. She emphasised the need for an updated salary structure that reflects current economic realities. Additionally, she urged the government to implement the 2020 ASUU-FGN Memorandum of Action to curb the reckless establishment of new universities.
Urging Government Action on Minimum Wage
ASUU also pressed the government to expedite the ongoing minimum wage negotiations through collective bargaining. Uduk asserted this would alleviate socio-economic challenges for Nigerians and improve the quality of life for university lecturers and citizens.
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