• Latest
  • Trending
ASUU Gives Alternative To Students Loan

ASUU Gives Alternative To Students Loan

Ebonyi Government Raises Minimum Wage to N90K for Workers

Ebonyi Government Raises Minimum Wage to N90K for Workers

Nigerian Govt gifts Teenager who Won Global English Contest N200K

Nigerian Govt gifts Teenager who Won Global English Contest N200K

President’s Son Jailed Over Secret Sale of National Airline Plane

President’s Son Jailed Over Secret Sale of National Airline Plane

Kogi Final-Year Student Dies During 6-Month Pregnancy Abortion

Kogi Final-Year Student Dies During 6-Month Pregnancy Abortion

Tinubu Govt Backtracks as Japan Denies ‘Special Visa’ for Nigerians

Tinubu Govt Backtracks as Japan Denies ‘Special Visa’ for Nigerians

Delta Police Nab Officers Caught Counting Extorted Cash in Viral Video [Watch]

Delta Police Nab Officers Caught Counting Extorted Cash in Viral Video [Watch]

Uzodimma Raises Imo Minimum Wage to ₦104,000

Uzodimma Raises Imo Minimum Wage to ₦104,000

Thursday, August 28, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Breaking News

ASUU Gives Alternative To Students Loan

by iDeemlawful
June 19, 2023
in Breaking News
A A
0
ASUU Gives Alternative To Students Loan

The Academic Staff Union of Universities (ASUU) has requested that President Bola Tinubu amend the recently approved Students Loans Act to include grants for needy students.

ASUU National President, Prof. Emmanuel Osodeke, stated today on Channels Television’s Sunday Politics program that “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.”.

“Since it comes from the Federation Account, it should be referred to as a grant rather than a loan because once these individuals have access to it, they have heavy debts to pay off by the time they graduate and, if they don’t, they will be sent to jail in two years if they don’t.

We are discussing collective bargaining because it allows for the inclusion of all viewpoints. ”.

SeeThese

Tinubu Govt Backtracks as Japan Denies ‘Special Visa’ for Nigerians

ASUU Issues Ultimatum, Threatens Nationwide Strike

Tinubu asks Rivals to Accept Defeat as APC wins By-Election

In order to keep a promise he made during his campaign, Tinubu signed the Students Loans Bill into law on Monday.

Femi Gbajabiamila, who is currently the President’s Chief of Staff, was the Speaker of the 9th House of Representatives and the bill’s sponsor.

The law, which is now an Act, offers free loans to underprivileged Nigerian students. The loan is not feasible, according to the president of ASUU.

He declared that the loan “is not sustainable.”.

The concept of a student loan originated in a bank that had been established, according to Osodeke. You can look into people who borrowed money but never paid it back. A Students’ Loan Board was established by military decree 50, which was implemented in 1994 and 1993.

It was domesticated in 2004 by the National Assembly, and it took off the following year. The money vanished. We’re interested in how this one will be different. ”.

He claims that there are over a million students enrolled in Nigeria’s public universities, making it impossible for the loan to fully cover tuition costs.

The loan’s terms, according to the ASUU President, are “not realistic,” and more than 90% of students won’t be able to fulfill the “stringent requirements” necessary to apply for and repay the loan.

“We, as a union, also conducted research of nations around the world to determine the suicide rates of people who had benefited from this loan. Recently, (President Joe) Biden has been attempting to repay some Americans who borrowed money from US banks, the speaker said.

Instead of burdening students with loans who have parents who make N30,000 a month, it is preferable to look for alternative sources of education funding. ”.

Tags: ASUUASUU STRIKEBola Ahmed TinubuiPadStudents loan
Share196Tweet123SendShare
Previous Post

Mitigating Discrimination Against Male Students: Function of ‘ANTI-SEXUAL’ Harassment Bill

Next Post

JUST IN: Tinubu Hosts Meeting with Aliko Dangote, Bill Gates [VIDEO]

iDeemlawful

iDeemlawful

Next Read

Delta Police Nab Officers Caught Counting Extorted Cash in Viral Video [Watch]
Breaking News

Delta Police Nab Officers Caught Counting Extorted Cash in Viral Video [Watch]

...

Read more
AAU ASUU Condemns SIT Over Alleged Activities, Set For Legal Action
Breaking News

ASUU Issues Ultimatum, Threatens Nationwide Strike

...

Read more
Drama as EFCC Boss Orders Arrest of Ex-Staff after Appearing on Matchmaking Show
Breaking News

Drama as EFCC Boss Orders Arrest of Ex-Staff after Appearing on Matchmaking Show

...

Read more
11, 629 Teachers Sit for professional examination
Breaking News

JAMB Orders Re-Upload of WAEC Results

...

Read more
50-Year-Old Widow Fakes Pregnancy to Smuggle Cocaine
Breaking News

50-Year-Old Widow Fakes Pregnancy to Smuggle Cocaine

...

Read more
15 Die in Kwara road Accident
Breaking News

Pregnant Woman ‘Murdered, Butchered’ by Brother-in-Law in Kwara

...

Read more
‘Why EFCC arrested Ogun assembly speaker’
Breaking News

EFCC Invites CBEX Victims to Lagos, Ibadan Offices

...

Read more
Breaking News

...

Read more
Next Post
[PICTORIAL]: Details Emerge Tinubu’s Bilateral Meeting With Chinese Envoy

JUST IN: Tinubu Hosts Meeting with Aliko Dangote, Bill Gates [VIDEO]

Seven years after rustication, student activist graduates from UNILAG

Seven years after rustication, student activist graduates from UNILAG

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG Files New Terrorism Charges Against Nnamdi Kanu

IPOB: Asari Dokubo Plead Against ‘Release’ of Nnamdi Kanu during meeting with Tinubu

Drama As Outgoing Gov Obiano’s wife, Ebelechukwu, slaps Bianca Ojukwu During Anambra Governor, Soludo’s inauguration

Drama As Outgoing Gov Obiano’s wife, Ebelechukwu, slaps Bianca Ojukwu During Anambra Governor, Soludo’s inauguration

Emir of Kano attends Morocco’s festival of horses

Emir of Kano attends Morocco’s festival of horses

Most Popular

Ebonyi Government Raises Minimum Wage to N90K for Workers
Featured

Ebonyi Government Raises Minimum Wage to N90K for Workers

Nigerian Govt gifts Teenager who Won Global English Contest N200K
Campus News

Nigerian Govt gifts Teenager who Won Global English Contest N200K

President’s Son Jailed Over Secret Sale of National Airline Plane
International News

President’s Son Jailed Over Secret Sale of National Airline Plane

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About Us
  • Advertise with Us
  • Editorial Policy

Follow Us

Copyright © 2019 iDeemlawful.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In