The Academic Staff Union of Universities (ASUU) and the Academic Staff Union of Polytechnics (ASUP) have kicked against the Student Loan Scheme introduced by President Bola Tinubu to solve the major challenge facing the education sector in the country.
Tinubu signed the Student Loan Act to Law days after his assumption of office and the move has been greeted with reactions.
Former Speaker of the House of Representatives, Rt Hon. Femi Gbajabiamila, delivered a lecture where he posited that the setting up of the student loan scheme was one of the surest ways to solve the problem of funding education in Nigeria.
He followed it up by sponsoring a bill on the matter in the National Assembly that would help indigent students to fund their education which was signed into law by the President.
Meanwhile, two umbrella bodies of lecturers have criticised the student loan scheme saying that indigent students would be left out.
Speaking on the workability of the law, especially given the high unemployment rate in Nigeria, both ASUU and ASUP opined that the foundation for the scheme to fail has been laid already.
They opined that when repayment becomes impossible, the fund would simply dry up.
