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Student Loan A Debt Trap For Nigerian Students – ASUU

Published

7 months ago

May 28, 2024.

ASUU, Calabar Zone, criticizes the Federal Government’s student loan, calling it a scheme to indebt Nigerian students.
The student loan program started last Friday, with 3,764 applications from 126 institutions on the first day.
ASUU’s Dr. Happiness Uduk highlights the irony of former scholarship beneficiaries now promoting student loans.

EKO HOT BLOG reports that the Academic Staff Union of Universities (ASUU), Calabar Zone, has voiced concerns over the Federal Government’s newly introduced student loan, characterizing it as a scheme designed to burden Nigerian students with debt indefinitely.

The student loan program officially commenced last Friday with the opening of the application portal. On the first day alone, 3,764 students from 126 institutions submitted their applications.

The Federal Government has justified the initiative as a means to ensure that no Nigerian youth is denied access to higher education due to financial constraints.

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However, during a press conference held in Uyo, the capital of Akwa Ibom State, on Monday, the Zonal Chairperson of ASUU, Dr. Happiness Uduk, criticized the student loan program. Uduk expressed disappointment, noting the irony that the same individuals who once benefited from scholarships, meal subsidies, and bursaries are now the ones advocating for student loans.

The National President of ASUU, Prof. Emmanuel Osodeke, had also repeatedly criticised the student loan, saying the government should rather give students bursaries.

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Uduk, in a statement jointly signed by the eight union chairpersons, reasoned that instead of loans, the Federal Government should give subvention to higher institutions.

She argued that such a move would bring about a positive turnaround in the tertiary institutions.

Uduk said, “It is disheartening that people who attended schools on scholarship, enjoyed meal subsidies, free laundry services, and bursary awards are the same running our economy today.

“Their children are on scholarship in the best foreign universities in the world but after siphoning our economy, they turn around to impose a strangulating education loan on taxpayers’ children who will be enslaved and remain indebted to the country forever. They do not mind the devastating effect of this scheme on the country, such as depression, suicide, and colossal loss of intellectuals.

“To this end, we vehemently condemn the idea of education loans and state clearly that using the money for intervention in higher institutions will bring about a positive turnaround of events that will make our institutions self-reliant with highly subsidised tertiary education in Nigeria.”

The ASUU chairperson called on the Federal Government to come to a renegotiation table and reconvene a committee to review the agreement reached by ASUU leadership and Prof. Nimi Brigs-led government committee with a view to adjusting the document according to the current economic realities so as to have acceptable salary structure for university lecturers.

She also condemned the indiscriminate proliferation of universities in Nigeria without adequate funding by both the federal and state governments, noting that the 2020 ASUU-FGN Memorandum of Action, which stressed the need to review the NUC Act to make it more potent in arresting the reckless and excessive establishment of universities, be fully implemented.

“We urge the President Tinubu-led administration to refrain from further proliferation of universities and rather consolidate on the already existing ones. What we need are universities that are adequately equipped and empowered to address the challenges confronting Nigeria not glorified schools,” she said.