Wednesday, January 2

FG RELEASES FUNDS TO ASUU , MET OTHER DEMANDS

The FG have released a sum of N15.89 billion naira to Nigerian Universities to end the 2 month old strike that due to improper funding of the universities.


“One of the conditions met by the Federal Government was the release of N15.89billion to universities on New Year’s Eve( Monday) for the payment of shortfall in salaries of universities,”


“The cash is expected to hit the account of all the institutions on or before the close of work today (Wednesday),” he added, pleading not to be named.


“The government has also set aside N20billion as revitalisation funds for varsities. The National Universities Commission( NUC) has been directed to work out the modalities for allocating the funds to all institutions.


“On the demand for the setting up of Nigerian Universities Pension Management Company
( NUPEMCO), the government has directed the National Pension Commission (NUPEMCO) to issue a licence for the company’s take-off.
“Funds have also been set aside for Earned Academic allowances for lecturers, senior staff and other workers.”
Replying a question, the source added: “This agreement was inherited by the administration of President Muhammadu Buhari, but despite the lean resources available to the government as a result of the fall in oil prices, we have done our best to meet ASUU demands.”

Ngige said: “We have gone far in considering the demands of the lecturers. We have substantially met the conditions.
“I am meeting with ASUU leaders on Monday where all steps taken by the government will be tabled before them. This is a responsive and transparent government, we have done our best to meet the conditions.
“In fact, officials from the Ministry of Budget and National Planning will be at the next meeting with ASUU leadership where they will be briefed on facts and figures.
“We are hopeful that the actions taken by the government will be acceptable to ASUU for our schools to reopen.”

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