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Business

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

FG and ASUU seem to have reached a compromise as the former has agreed to address earned academic allowances and revitalization of universities.

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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.

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…

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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