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Home Business News Business

FG offers N65 billion to ASUU, N15 billion revitalization fund to end strike

Chike Olisah by Chike Olisah
November 20, 2020
in Business, Spotlight
FG offers N65 billion to ASUU, N15 billion revitalization fund to end strike
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The Federal Government has offered a cumulative sum of N65 billion to the Academic Staff Union of Universities (ASUU) to address earned academic allowances and revitalization of universities.

In addition, the government has also agreed to pay an additional N15 billion as revitalization fund which is being demanded by the ASUU in its bid to resolve its disagreement with the union. This is in addition to the sum of N20 billion that was paid earlier, bringing the total to N35 billion.

According to a report from Channels Television, this proposal was made by the Minister of Labour and Employment, Dr. Chris Ngige, on behalf of the Federal Government to the striking lecturers during their meeting on Friday, November 20, 2020, in Abuja.

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While briefing the press at the end of the meeting, Ngige described the negotiation as fruitful as the government has decided to shift grounds on the lingering issues that have kept students out of the classroom for several months.

Details later…


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Tags: Academic Staff Union of UniversitiesASUU
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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