ASUU Strike: Government Blinks, Agrees To Spend N200b Each For Four Years To Bring Nigerian Universities Up To World Standard

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VP Namadi Sambo and ASUU Representatives led by Dr. Fagge

By SaharaReporters, New York

Towards ending the ongoing ASUU strike, the Federal Government has committed to spending N200 billion in the 2014 budget on the universities as well as on each of the next three-four years until the universities are brought to world-class standard.  This is in addition to the N100 billion dedicated and already made available for 2013.
The government has also increased to N40 billion as a first installment, funds for the payment of earned allowances to the striking lecturers, an improvement from the N30 billion previously released.
This information is contained in an internal Federal University of Otuoke statement by Professor Bolaji Aluko, its Vice-Chancellor, seen on Wednesday night by SaharaReporters.
On the earned allowances, he explained, “Government will top it up with further releases once universities are through with the disbursement of this new figure of N40 million, so Vice-Chancellors are urged to expedite this disbursement within the shortest possible time using guiding templates that have been sent by the CVC,” the circular said. 
Professor Aluko said the development followed meetings on September 19 and Oct 11 of representatives of the Association of Vice-Chancellors of Nigerian Universities, led by …

Source: Latest Items on SaharaReporters.com

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