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    MarketForces Africa » MarketForces News » ASUU Rejects FG’s Loan Scheme for Lecturers, Others

    ASUU Rejects FG’s Loan Scheme for Lecturers, Others

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 27, 2025 News No Comments2 Mins Read
    ASUU Rejects FG’s Loan Scheme for Lecturers, Others
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    ASUU Rejects FG’s Loan Scheme for Lecturers, Others

    University of Jos Chapter of the Academic Staff Union of Universities (ASUU), has rejected the Federal Government’s loan scheme for university lecturers and other workers in tertiary institutions.

    Prof. Jurbe Molwus, the chairman of the union in the university, said this during a press conference on Tuesday in Jos. The Federal Government had about two weeks ago announced the Tertiary Institutions Staff Support Fund.

    The move, according to government, is a welfare and empowerment initiative for academic and non-academic staff in Nigeria’s tertiary institutions.

    The Minister of Education, Dr Tunji Alausa, said that the fund was a direct response to the welfare and professional growth needs of the nation’s tertiary institution workforce.

    Molwus, who called on the government to implement the 2009 agreement with the union, said that the loan scheme was a “trap”. The chairman also described the scheme as a “poisoned chalice” and urged members to stay away from it.

    “Our members do not lack where to find loans; indeed, they are already deep in debt from such loans. “What we need now is for government to sign our renegotiated agreement. “That way our purchasing power will improve and decrease our reliance on debts from cooperative societies.

    On the peaceful protest by ASUU members across the university campuses, Molwus said that the move aimed at calling on the government to address the lingering issues. The chairman urged President Bola Tinubu to personally engage with the ASUU leadership and hear the concerns firsthand.

    He added that such move would enable the president to take a decisive action toward preventing the disruption of academic activities in universities across the country. #ASUU Rejects FG’s Loan Scheme for Lecturers, Others#


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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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