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Students Loan: It’s Dead On Arrival’ – ASUU Reacts As Tinubu Signs Bill Into Law

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Students Loan: It's Dead On Arrival’ --ASUU Reacts As Tinubu Signs Bill Into Law

Students Loan: It’s Dead On Arrival’ –ASUU Reacts As Tinubu Signs Bill Into Law

The chairperson of the Federal University of Technology, Minna chapter of the Academic Staff Union of Universities (ASUU), Prof Gbolahan Bolarin has condemned the students loan bill signed into law on Monday by President Bola Tinubu.

The academic don was of the opinion that the law is not feasible as the peculiarities of Nigeria were not considered before signing the bill into law.

According to him the problem with Nigeria and such initiatives is that the leadership wants to replicate what they see in some other countries without giving any consideration to what is obtainable in Nigeria.

He lamented that it may be difficult for students who obtain the loan to pay back due to the high unemployment rate among graduates as well as the abysmal minimum wage.

Read Also: Edo Govt. Reduces Schooling Days To Three

Prof. Bolarin revealed that ASUU stood against the bill from the beginning because the scheme is not feasible nor sustainable and is therefore “dead on arrival.”

He said according to Punch, “The problem in Nigeria is that we copy policies from other countries and want to replicate them in our country without considering the situation here. Where are the jobs in Nigeria? There are graduates from over 20 years ago who are still jobless. Now the thing about this scheme is that as you repay, another person gets access to the loan.

“Now that the scheme will provide N1m per year, suppose a student comes to FUTMinna and stays for five years. That means you will receive N5m; what is the guarantee that you will get a job to pay it back? As of today, the minimum wage is N30,000. Is it feasible?

“From the beginning, ASUU fought against it because of these issues. There are no two ways about it; this scheme is not going to be sustainable. You can see universities hiking fees, more universities will do this because governing councils of schools are looking for ways to fund schools; before you know it, the level of enrolment in public universities will be reduced.”

Recall that the bill signed by President Tinubu on Monday was passed by the National Assembly in November 2022, was sponsored by the immediate-past Speaker of the House of Representatives and the new Chief of Staff to the President, Femi Gbajabiamila.

The legislation provides for the establishment of the Nigerian education bank, which will have the power to administer, supervise, coordinate, and monitor the management of student loans in the country.

Students Loan: It’s Dead On Arrival’ –ASUU Reacts As Tinubu Signs Bill Into Law

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Education

UNIBEN Partners with OpenBinacle to Preserve African Languages

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UNIBEN Partners with OpenBinacle to Preserve African Languages

UNIBEN Partners with OpenBinacle to Preserve African Languages

……Collaboration Aims to Promote AI-Driven Language Preservation

The University of Benin (UNIBEN) has joined forces with OpenBinacle, a Nigerian-owned tech company, to advance the preservation and promotion of African languages through the use of Artificial Intelligence (AI) and Machine Translation (MT).

The partnership, formalized through a joint statement issued in Benin, focuses on standardizing and preserving indigenous languages across Nigeria and Africa. Vice-Chancellor of UNIBEN, Prof. Lilian Salami, praised the collaboration, highlighting its alignment with the university’s mission of being a globally recognized institution in research and education.

OpenBinacle’s CEO, Emmanuel Gabriel, emphasized that the initiative would foster the development of AI researchers and software developers, enhancing language translation technologies across the continent. The project aims to preserve over 2,000 African languages, providing job opportunities and technical training for students and youths.

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Education

Sprezzatura Publishing Introduces Innovative Resource for Young Learners

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Sprezzatura Publishing Introduces Innovative Resource for Young Learners

By Halima Abdulkadiri

Sprezzatura Publishing Limited has launched a pioneering new book titled “Taxation: Essential Knowledge for Nigerian Children,” authored by Arabinrin Aderonke and Ejura Blessing Haruna. The 147-page guide is designed to make the complex topic of taxation accessible and engaging for young readers in Nigeria.

The book opens with a foreword by Dr. Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), underscoring the importance of early tax education. Dr. Adedeji highlights the role of tax knowledge in shaping financially responsible citizens, emphasizing its relevance to the nation’s democratic future.

Structured into 13 chapters, the book covers various aspects of taxation, from its historical roots to the different types of taxes and the government’s role in tax collection. The authors utilize simple language and relatable examples, making the subject approachable for children and young adults.

To further enhance learning, the book includes interactive elements such as questions and activities at the end of each chapter. This method not only reinforces key concepts but also encourages readers to actively engage with the material, fostering a deeper understanding.

“Taxation: Essential Knowledge for Nigerian Children” is being recommended for educational institutions across Nigeria, offering a valuable resource to equip young minds with the knowledge needed for their financial futures.

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Education

WAEC announce 215,267 Results Over Exam Malpractices, Records 73.79% Pass Rate

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WAEC announce 215,267 Results Over Exam Malpractices, Records 73.79% Pass Rate

WAEC announce 215,267 Results Over Exam Malpractices, Records 73.79% Pass Rate

The West African Examinations Council (WAEC) announced the release of the 2024 West African Senior School Certificate Examination (WASSCE) results on Monday, revealing that 73.79% of the candidates achieved credit passes in at least five subjects. However, the results of 215,267 candidates, representing 11.92% of the 1,805,216 candidates who took the exam, have been withheld due to various cases of examination malpractice.

Dr. Amos Dangut, Head of WAEC Nigeria, stated that the 2024 exam was conducted over seven weeks, from April 30 to June 24, across Nigeria. He noted that 1,301,941 candidates, or 72.12%, obtained credits in five subjects, including English Language and Mathematics. Additionally, 93.39% of the candidates had their results fully processed and released, while 6.61% are still under processing.

Dangut attributed the withholding of results to incidents of malpractice, including the use of cell phones in examination halls and organized cheating in certain schools. The number of withheld results this year is 4.37% lower than in 2023, where 16.29% of results were withheld.

Investigations into the malpractice cases are ongoing, and decisions will be made by the appropriate WAEC committee. Candidates whose results have been withheld will be informed through their schools, and they have the option to appeal via the WAEC website.

Furthermore, Dangut highlighted that the results of candidates from states owing the council will not be released until the debts are settled. The WASSCE was conducted in four WAEC member countries: Nigeria, Gambia, Sierra Leone, and Liberia.

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