ASUU urges Tinubu to device alternative means to fund NELFUND. - ASUU President, Professor Osodeke

He says “Imagine a student graduating from the university with a loan of five million naira... even me as a professor, I can not pay back such a loan in 20 years' time...”

#ASUU #fg #nelfund




https://www.youtube.com/watch?v=2nDXotlP32I

Hmm 🤔

ASUU warns FG against scraping TETFund for NELFUND

The Academic Staff Union of Universities (ASUU) has cautioned the Federal Government against phasing out the Tertiary Education Trust Fund (TETFund) in favor of the newly introduced Nigerian Education Loan Fund (NELFUND), warning that such a move could severely damage Nigeria’s public university system.

“TETFund has been instrumental in transforming tertiary education across Nigeria for over 30 years. Scrapping it would devastate public universities and deny access to education for children from low-income families,” said ASUU President, Prof. Emmanuel Osodeke, during an interview on Thursday.

ASUU claims the proposed Tax Reform Bills under President Bola Tinubu’s administration threaten to dilute TETFund’s funding by merging it with other agencies, including NITDA and NASENI, and redirecting its resources to NELFUND.

The group criticised the lack of consultation with stakeholders before drafting the legislation, describing the approach as undemocratic.

“TETFund is the product of our struggle as educators. The government cannot unilaterally decide to dismantle it without engaging those who understand its importance,” Osodeke emphasised.

ASUU proposed that the government explore alternative funding mechanisms for NELFUND, such as allocating a percentage of Value Added Tax (VAT), rather than repurposing TETFund’s consolidated revenue from corporate taxes.

“We are not opposed to NELFUND. But the government must find a new source of funding without dismantling the existing framework that has sustained our universities,” Osodeke added.

He highlighted the significant role TETFund plays in providing infrastructure and academic development in public institutions, noting that 90% of physical structures in universities, polytechnics, and colleges of education are products of TETFund.


ASUU expressed skepticism about the sustainability of NELFUND, which offers student loans, arguing that the scheme could burden poor students with debt.

“With rising tuition fees, many students are already dropping out. Loans will only encumber them further, turning education into a privilege rather than a right,” Osodeke warned, citing the need for grants rather than loans to support education.

ASUU urged the government to uphold the legacy of TETFund, which has inspired similar initiatives like Ghana’s Education Trust Fund (GETFund).

“Countries in Africa are learning from TETFund. Scrapping it now would be a step backward for Nigeria,” Osodeke stressed, appealing to the government to prioritize education funding in line with global standards.

The union called on Nigerians to resist policies that undermine public education, warning that neglecting the sector could jeopardize the nation’s future.

“This is not just about ASUU; it’s about the survival of Nigeria’s education system and the opportunities it provides for millions,” Osodeke concluded.





https://guardian.ng/news/ASUU-warns-fg-against-scraping-tetfund-for-nelfund/

ASUU only offer a Strike as Solution. Despite being a conglomerate of scholars, the alternatives they offer aren't visible.

However, ASUU is misusing the funds for frivolous foreign travel and vacations instead of academic research and development. Apart from buildings and infrastructures, the funds are mismanaged and never of any benefit to the students.

Tinubu is corn-fused

How can an educated man like him not control his emotions? Had a chat with a VC from a federal University, same thing…too emotional.

Ehen?
.
This useless Thor association. Mtcheew!

Okay.
Tinubu frustrating ASUU.



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This conjecture by the ASUU president is stupid; I wonder how these guys got to these elevated positions.

Bunch of uncreative people.
ASUU are supposed to be spearheading ideas and policy for Nigeria as a whole, but what do we have?

Academicians that are waiting to be spoonfed !

Faculty of engineering should have solved issues of power if not for Nigeria but at least for that university

Faculty of Agricultures should have owned the largest farm in sub Saharan African

Department of political science should be proposing bill on true federalism to the national assembly

Warning ko? Warning ni!

NELFUND failure inevitable. More taxes loading 😕

This ASUU chairman is a misfit. They already told you times without number that no one is scraping TETFUND.

I am sure ASUU is sad that students are getting the money for the loan directly and not through them.

He should go and sit down and stop disturbing us

Tinibu Agbad0rians will abuse this Man!

Very USELESS elements.

So u gonna strike again to drive home ur point right...?
🙄

LegendHero:
This ASUU chairman is a misfit. They already told you times without number that no one is scraping TETFUND.

I am sure ASUU is sad that students are getting the money for the loan directly and not through them.

He should go and sit down and stop disturbing us

How did he arrive at 5 million.

How much on the average is a federal university per annum

Harddiskng:


How did he arrive at 5 million.

How much on the average is a federal university per annum

Person wey don jogodo. Baba just wan vent to the government so calling big money is better than staying the actual cost.

Lovenorth:
Tinubu is corn-fused

Do you really understand the writtens absolute no.

Professor proffer a better solution and alternative....
If the universities are not charging exhaustively, the student will graduate with lesser amount of debt.

What are the other alternatives, your universities are offering this students.
Una just like complain complain complain and cry for everything but Una no go ever give solutions or alternatives.

Baba proffer a better alternative to NELFUND, that's why you guys are there
If not
Abeg getaaat Sir.

ASUU should keep quiet what research have they achieved from TETFUND no.

press9jatv:
ASUU urges Tinubu to device alternative means to fund NELFUND. - ASUU President, Professor Osodeke

He says “Imagine a student graduating from the university with a loan of five million naira... even me as a professor, I can not pay back such a loan in 20 years' time...”

#ASUU #fg #nelfund




https://www.youtube.com/watch?v=2nDXotlP32I

It's a loan. No student is forced at gunpoint to apply for the loan. So why the fuss.

This osodeke seems clueless. Or is it one of the flat.heads

Is it difficult for him to understand that the student will only start to pay once they get job And they are not expected to pay everything at once. They pay a fraction of their salary when due.

Prof that cannot think beyond chalk and black or white board


They are just always by default ready to oppose anything from government... thinking that it will make people refer to them as activists

Like Dele (the brand new baby of i.pob) thinks that by insulting people and accusing them falsely (just to please and get the praise of the obi.dients and the flat.heads), that he is by default and activist

He has forgotten that anyone the flat.heads support is by default a looser

So Prof, next time, snap out of your default setting. Read and digest the bill. Be progressive. Don't be like the developers who develop every cities in the world by selling fan yogo on traffic

You cry fro more Salaries like your colleagues in Western Nations are earning but don't want Students to Pay what their Colleagues over there are paying.

Mr. ASUU President where would they get the money to pay you?

Copy and Paste Researchers

Proposed tax reform says they can source their money from govt budget or anywhere else but not from %3 VAT, Man does not read , A professor for that matter. If u feel going to sch will not offer you a life to pay bck the loan. Then dont take it. Tertiary education is a choice and nobody
Is forcing u. The loan is only an alternative and interest free🤷🏿‍♂️🤷🏿‍♂️🤷🏿‍♂️. See one who calls himself professor

gr8ofnnetwork:
ASUU only offer a Strike as Solution. Despite being a conglomerate of scholars, the alternatives they offer aren't visible.

Nigerian politicians only sit up when there is strike!

When we say these things, e go be like say we like to talk too much.

How can you remove subsidies on Petrol, Exchange Rate and University Education on your first day in office.

Then introduce rubbish student loan to compensate for that.
Cheap university education was the only thing left for Nigerians to enjoy as an oil producing nation but the incompetent Iragbiji móron and his band of zombies took that away from Nigerians.

You want to copy U.S where student loan is still a problem for them despite their advanced economy.

A country in poverty like Nigeria, you make education difficult for the common man

giantstar:


Do you really understand the writtens absolute no.

Slave spotted

Alright