A group of Nigerian billionaires, Aliko and Femi Otedolos, have been asked to pay back the N1.1trillion demanded by the Academic Staff Union Of Universities, ASUU.
An Abuja-based lawyer, Pelumi Olajengbesi made the appeal to the richest men in the country which includes Abdulsamad Rabiu of BUA Group and Globacomm Chairman, Mike Adenuga.
Olajengbesi accused the Nigerian government of being irresponsible and nonchalant about resolving the protracted ASUU strike, which began February 14, 2022.
The lawyer, therefore urged owners of multimillion-dollar businesses to rise to the opportunity and aid the education sector during the COVID-2019 pandemic when their financial intervention contributed enormously to the country’s fight against the dreaded coronovirus and its economic impact.
His appeal to the Moguls who are also Philanthropists followed the remarks of Ebiyny State Governor Dave Umahi, who said the Federal Govt cannot borrow N1.1 Trillion to meet ASUU‘s demands.
Olajengbesi said “The comment by Governor Dave Umahi of the All Progressives Congress is uncharitable and insensitive to millions of students of public universities who have been at home for seven months now since February 14, 2022 when ASUU embarked on an industrial action this year.
“It is reckless for the governor to say that the present administration cannot borrow N1.1 trillion to defray the Revitalization Fund and the Earned Academic Allowance owed ASUU. Whereas, the APC government has embarked on a borrowing spree since 2015 with Nigeria’s debt to China increasing from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021, showing an increase of $330m in one year. The figure has definitely risen in the last one year.
The APC government must know that education is at the core of any development. Spending loans on phantom White Elephant projects and train is counterproductive without building the mind. Any infrastructural development without human capital development is nonsense.
“Having demonstrated its unwillingness to end ASUU strike despite the billions that Umahi’s APC received in the recent primary elections, good-spirited Nigerians can only appeal to business magnates like Aliko Dangote, Femi Otedola, Abdul Samad Rabiu, Mike Adenuga, as well as bank chiefs to come to the rescue of the common Nigerians whose children have been out of school for seven months this year and nine months in 2020 whilst politicians send their children to schools abroad.
“The philanthropists should please answer the call of the nation for youths to return to classrooms as some of them may be lured into crimes as a result of idleness. One of Nigeria’s greatest resources is its vibrant youth bulge and this population should be harnessed for productivity and not left to rot away.”