But, the ASUU president said allocating the N50 Billion as grants would have more impact and serve as a humane investment in the education of Nigerian students.
He said: “If the issue is just N50 billion, why can’t we convert that N50 billion as a country like Nigeria to grants for the children of the very poor?
“Let’s give to those who cannot afford it, not give them a loan that becomes a liability for them before they even graduate and are not sure of getting a job.
“We are thinking of the Nigerian people, those who cannot afford it, those children who are in the villages whose parents earn less than N30,000 a month,” he said.
“If it is just about 50 billion, the Nigerian government should give that N50 billion as grants to the students rather than giving it as a loan that will encumber them in the future and could make them start going to crime, to pay for this loan.”
According to Osodeke, such initiatives as student loans had failed twice before.
He berated the conditions attached to the loan, saying it is economically disadvantaged for students in rural areas.
