Nigeria, Feb. 20 -- The Academic Staff Union of Universities (ASUU) has declined to be part of the management of the student loan scheme introduced by the administration of President Bola Tinubu.

Ahead of the rollout of the scheme scheduled to commence on Monday, 26 February, the 11-member special committee chaired by Governor of the Central Bank of Nigeria, Olayemi Cardoso, held its inaugural meeting recently.

But according to a communique drafted by the office of the executive secretary of the scheme, otherwise known as the Nigerian Education Loan Fund (NELFUND), ASUU wrote to decline its membership of the special committee.

Section 7 of the scheme's enabling law- Access to Higher Education Act 2023, provides for an 11-membership spe...