The Academic Staff Union of Universities (ASUU) has rejected the Federal Government’s newly introduced loan scheme for university staff, describing it as a “bait” that would plunge lecturers into deeper debt.
The government had recently announced an interest-free loan initiative that would allow eligible staff in tertiary institutions to access up to ₦10 million, limited to 33.3 percent of their annual gross salary.
Addressing journalists on Thursday at the union’s secretariat in the University of Jos, ASUU National President, Prof. Christopher Piwuna, said the policy was unacceptable and would not address the financial challenges of university workers.
“Our members are not short of places to obtain loans; in fact, many are already indebted. What we need is for government to sign the renegotiated agreement, which will strengthen our purchasing power and reduce dependence on loans,” he stated.
He added that the government should instead channel the funds earmarked for the scheme towards clearing the 3½ months’ withheld salaries owed to lecturers.
Piwuna warned that ASUU might be forced to embark on strike if the federal government fails to honor the renegotiated 2009 agreement, adequately fund universities, and commit to their revitalization.
“The government has consistently ignored our letters and appeals for dialogue. If nothing is done, ASUU will have no option but to resort to strike action to make its voice heard,” he said.
ASUU emphasized that its members should avoid taking the loan, insisting that the priority remains the fulfillment of outstanding agreements and legitimate entitlements.
