ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

Tuition hike: Why student loan policy will fail –ASUU

by Usman Kadri
September 25, 2023
Reading Time: 2 mins read
Tuition hike: Why student loan policy will fail –ASUU
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

…Says 50% of students may drop out in two years 

 

The President of the Academic Staff Union of Universities, Prof Emmanuel Osodeke, has raised the alarm over the looming 40 to 50 per cent of students whom he predicts may drop out of school within the next two years if the Federal Government fails to stop the continuous fee hike in the universities.

RELATED STORIES

Entries now open for the 11th edition of the Maltina Teacher of the Year Competition

Entries now open for the 11th edition of the Maltina Teacher of the Year Competition

June 28, 2025
Fidelity Bank supports quality education delivery in Bauchi

Fidelity Bank supports quality education delivery in Bauchi

June 21, 2025

Osodeke made this known while speaking on the current situation in the Nigerian education sector on Channels TV on Sunday night.

According to him, the heavy fees being imposed on students across the nation would result in a massive dropout of students, due to their inability to cope with the payments.

He said, “If nothing is done about these heavy fees being introduced by schools all over the country, in the next two or three years, more than 40 to 50 per cent of these children who are in school today will drop out.”

The varsities’ union president also warned of a looming national problem if his prediction of a massive dropout of students nationwide comes to reality.

According to him, dropping out of school will result in idleness, which could make them easy targets for perpetrators of evil.

“When they drop out, they will become a big feed for recruitment for those who want this country to be ungovernable.

“This is what we are saying, create the environment we have in the 60s and 70s. When I was a student, the government was paying me for being a student. Let’s have an environment where the children of the poor can have access to education.

“School fees of N300,000, how can the children of someone who earns N50,000 a month be able to pay such a fee?”

However, he urged the government to increase budgetary allocation to education to at least 15 per cent of the total budget sum.

He lamented that the 3.8 per cent allocated to education in the last budget was nothing to write home about, saying with an increase in budget allocation to education, parents would be relieved of the burden of paying high fees for their children.

Speaking further, he expressed pessimism that the student loan policy of the government would fail. He added that for the loan policy to work, it has to be reviewed.

“When you are talking about student loans, you have to be comprehensive. There is nothing to show that it would work.

“There is a need for a review. Check what happened in the past and see how we can move forward. But for us, our idea is that instead of calling it a loan, let us call it a grant.

“If you look at the conditions, 90 per cent of the students will not have access to that loan. The condition that you must have parents who earn less than N500,000 per annum [is harsh]. How many people earn less than N500,000 per annum?”, he said.

Next Post
Why investors will smile to bank in 5 years -Adeduntan, First Bank boss

Why investors will smile to bank in 5 years -Adeduntan, First Bank boss

More Articles...

Alleged $101m debt: Absence of Orjiakor’s Lawyer, stalls hearing on Access Bank’s bankruptcy suit

Access Bank demonstrates leadership at Climate Governance Initiative launch

July 1, 2025
Dangote crashes petrol ex-depot price to N840 as more marketers join partnership deal

Dangote crashes petrol ex-depot price to N840 as more marketers join partnership deal

July 1, 2025
FirstBank unveils advanced Facial Biometric Technology on FirstMobile for seamless user enrollment and device activation

FirstBank unveils advanced Facial Biometric Technology on FirstMobile for seamless user enrollment and device activation

July 1, 2025
Ojude Oba 2025 garners over 124m global media impressions, says P+ Measurement report

Ojude Oba 2025 garners over 124m global media impressions, says P+ Measurement report

July 1, 2025
Ecobank Nigeria unveils new Premier Branch on Victoria Island, Lagos

Ecobank launches InnovateX Youth Competition to empower Africa’s next generation of creators and tech entrepreneurs

July 1, 2025
Stanbic IBTC Bank Nigeria PMI: Output growth slows but business confidence rises sharply

Stanbic IBTC Bank Nigeria PMI: Output growth slows but business confidence rises sharply

July 1, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport