Barring any last minutes change, academic activities may resume in public universities next week, as Federal Government has approved over N35.4 billion for the striking Academic Staff Union of Universities (ASUU).
In a resolution reached Monday night between the Federal Government and the leadership of ASUU at the Conference Hall, Ministry of Labour and Employment, Abuja, the government announced that Federal Ministry of Finance and Accountant General of the Federation have confirmed payment of N15.389.940,335.71 billion to accommodate payment of shortfall in all institutions that are Presidential Initiative of Continuous Audit, PICA varied.
The Minister of Labour and Employment who disclosed this at the end of the meeting said the money was remitted on the 31st December, 2018.
Ngige also said that President Muhammadu Buhari has approved the payment of N20 billion for payment of outstanding arrears of the 2009 and 2012 Earned Academic Allowances to the already verified university system.
“The money is being worked on and will be released to ASUU when the process is completed,” he said.
He reiterated government’s resolve to grant permanent licence to ASUU to operate the National University Pension Fund Administrator Company (NUPENCO) that will manage the contributory pension of public universities.
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