ASUU, SSANU officials, others fault Nigeria’s new students loan scheme

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Meanwhile, the Nigerian government announced Wednesday that the implementation of the student loan will commence in September.

The Act, according to the Nigerian government, is aimed at providing interest-free loans to Nigerians seeking higher education.

Mr Sowande, who said his union’s opposition to the Act has not changed, however, noted that if the people welcomed it, ASUU would have no choice but to await the consequences of their action. He said the requirements to access the loans, as highlighted in the Act, would make it difficult for Nigerians to benefit and that those who may benefit are also threatened to begin payment two years after graduation.

“It is common knowledge that the former speaker and now the Chief of Staff to President Bola Tinubu is a lover of education and has always been at the forefront of any efforts towards ameliorating the pains of students and their parents. So I strongly believe that the law can be improved, but you can agree with me that the intent and purpose behind it are noble.

 

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