Consequent to threats made by the Academic Staff Union of Universities to embark on industrial action after the Federal government failed to implement the memorandum of action reached in December 2020, the government has released N52 billion to the union.
According to the Minister of Labour and Employment, Senator Chris Ngige, he received confirmation from the Federal Ministry of Finance that the funds had been released to the 38 universities for the revitalization of infrastructure and payment of earned allowances.
He explained that out of the N52.5bn, N30 billion is Revitalisation Fund while N22.5 billion is Earned Academic Allowance.
The minister added that the government is looking forward to settling the remaining areas of the agreement like errors in the computation of salaries of some of the staff and the renegotiation of agreements.
