Akwa Ibom State University (AKSU) is a conventional academic institution whose vision seeks to keep aflame the pursuit of Knowledge, Excellence and the spirit of enquiry. AKSU also offers opportunities for Learning and Leadership, Service and Self-actualization to all mankind, towards a Peaceful, Humane, Prosperous and just Society.

Tuesday, September 12, 2017

FG pledges to make N220bn available to Varsities within 1 month


University lecturers have made what appears to be significant progress in their negotiation with the Federal Government. Top of the agreement  reached at a 15-hour meeting is the immediate release,by government, of N220 billion to the Universities to fund the revitalization of Federal Universities in the country. 

The sum is expected to be paid not later than next month. The money is to enable the institutions buy working tools needed for effective discharge of their responsibilities. Representatives of the Academic Staff Union of Universities (ASUU)  are scheduled to present details of the agreement to the National Executive Council of the union this week for ratification.

Besides, government at the   conciliatory meeting, coordinated by Labour and Employment Minister,Chris Ngige, agreed to commence the immediate payment of the salary shortfall to the lecturers. Ngige said at the end of the meeting that government had also commenced the payment of the earned allowances of members of the union. He said the meeting also discussed how to set up the National Universities Pension Management Company as well as the issue of University Staff schools and the Treasury Single Account.

“We also discussed the issue of university staff schools and treasury single account with a view to finding how the system could accommodate funds for research grants that need to be independent of the government. We also discussed the issue of how the Federal Government could be involved in the running of state universities.”

He said the meeting agreed to set up a 7-man committee on the implementation of the proposals. The union and the federal ministry of education will each be represented by 3 persons on the committee, while government will be represented by 1 person who will serve as chairman.

Recall that ASUU embarked on the strike on August 13, following government’s failure to implement the agreement reached with the union in November 2016.

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