Business
ASUU Decries Sale Of Handouts
The Academic Staff Union of Universities in Nigeria (ASUU), has expressed displeasure at the mandatory sale of handouts by some lecturers in tertiary institutions.
President of the union, Prof. Biodun Ogunyemi, expressed this view in an interview with newsmen last Tuesday, in Abuja.
“ It is not wise for lecturers in our tertiary institutions to compel students to be buying handouts, though it is not a widespread practice; we have few people that are misbehaving.
“But the system has a way of handling them, so anywhere they see them they always put them on check.
“It is not permitted in the system and there is a structure for tracking and dealing with that so ASUU as a union don’t condone it and we discourage it anywhere and everywhere we go ,’’ he said.
However, a cross section of Nigerian students had decried the rate at which some lecturers extort money from them in the name of selling of handouts.
Speaking in separate interviews with The Tide source, students lamented that they were being forced to buy handout and that failure to do so could result in failing the courses.
A student in the Faculty of Agriculture, University of Abuja, Mr Osita Chukwu, alleged that the lecturers usually assigned some students to sell the reading materials to them.
Chukwu alleged that the handouts were sold between N1, 500 and N2, 000, saying that the students were also made to submit their registration numbers for identification of defaulters.
“ The most annoying thing is that you may have three lecturers handling a course and each of them will print a handout for students to buy.
“ And they will make it compulsory, so that you have no option than to subscribe to it, because if you decide to photocopy it, you may stand the risk of failing the course.’’
A student in the Faculty of Business Administration, Miss Joy David, Nasarawa State University, Keffi, decried the manner some lecturers compel students to buy handouts that sometimes lack depth.
Contributing, a student of Olabisi Onabanjo University, Ago-Iwoye, Miss Janet Obiora, said the sale of handouts by some lecturers had promoted mediocrity among students as many of them no longer go to the school library to do research.
She opined that the mandatory sales of handouts also encouraged laziness among students who often want to concentrate on the handouts from their lecturers.
Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.
“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.
The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.
“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.
The minister who described the private sector as the engine of growth, said the government’s reform agenda aims to create an enabling environment where businesses can thrive, access funding, and contribute meaningfully to job creation.
The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.
According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.
If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.
The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.
“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.
The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.
To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.
The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.
Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.
Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.
The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.