Prof. Emmanuel Osodeke said the Academic Staff Union of Universities rejected the Federal Government’s plan to increase school fees of all university students to N1m.
Osodeke, who is the national chairman of the academic union, said the government tabled the plan during the last negotiation with ASUU.
He stated this while answering questions from participants at a one-day ‘state of the national summit’ organised for ASUU members.
He said the government’s plan was to open an education bank and give each student a loan of N1m annually at five per cent interest rate to sponsor themselves.
The student will then pay back when they graduate and start working.
Osodeke said, “At the last negotiation, the first thing they told us was that we should negotiate for our allowances and salaries but we said no, let’s discuss funding first. When we know how much you’re going to pay, then we can negotiate salary. Reluctantly, they went on.
“Then, they raised another issue which was why we delayed for four years, that students must pay N1m as school fees every year; the government said 70 percent will be paid to the university while the student keeps 30 percent.
“We asked them where and how the students would source the money and they told us not to worry. They said they would open an education bank and the students would go there and take the N1m every year.
“And by the time you are graduating, you would have been owing N5m or N6m. If it takes you 20 years to get a job, that five percent interest on that loan would be building.
“We said we will never allow that, and that was why we went on strike and we delayed in calling off the strike.
“If we had accepted that students pay N1m as school fees, they would have increased our pay easily and who would the public and the students blame? It is ASUU.”