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Where Is The N1.3 Trillion Intervention Funds For Nigerian Universities?

Editor by Editor
August 30, 2015
in Uncategorized
Where Is The N1.3 Trillion Intervention Funds For Nigerian Universities?
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  • This is the question being asked given the cloud of uncertainty over the deployment of the funds since 2014 when the former administration of Goodluck Jonathan gave approval for the release.
  • The stories differ from the universities across the country.
  • While some deny outright any knowledge of the funds being released, some others acknowledge having collected but a paltry potion of the approved sum.
  • There are also issues of disconnect between the leadership of the Academic Staff Union of Universities (ASUU) and management of some universities on the usage of the funds. Some ASUU officials claimed ignorant of their universities having collected any money under the intervention funds, while some others accused their university management of diverting the money to purposes other than were originally allocated.
  • The cloud of uncertainty over the N1.3 trillion intervention funds remains thick in the air as Sunday Independent has gathered that the ASUU leadership was considering taking the battle again to President Muhammadu Buhari.
  • Jonathan had reached a deal with the ASUU after a protracted nationwide strike to make available the N1.3 trillion intervention funds for the resuscitation of universities in Nigeria
  • However, some of the institutions that benefited from the first tranche of over N200 billion released over two years ago have struggled to explain how much they got and how the money has been spent.
  • The Federal Government said it had kept its own side of the agreement reached with the  Academic Staff Union of Universities (ASUU) in 2013 after a protracted strike to press for the implementation of a joint agreement reached in 2009 based on a Needs Assessments report. Feelers from the union, however, suggest the contrary.
  • Director, Information and Publicity, National Universities Commission (NUC), Ibrahim Yakasai, who attributed the prevailing stability in academic activities in Nigeria’s Federal universities to the initial disbursement, told Daily Independent exclusively in Abuja that government had not reneged in this regard.
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