Members of the Academic Staff Union of Universities (ASUU) can now breathe a heavy sigh of relief as the federal government released N40 billion as payment for earned academic allowances.
This was confirmed by Dr. Chris Ngige, minister of labour and employment, over the weekend in an interview with The Nation.
According to the report, the earned allowance released is for university lecturers and non-academic staff.
Out of the N40 billion, about N10 billion was voted for the payment of earned allowances of members of the Senior Staff Association of Nigerian Universities (SSANU), Non-Academic Staff Union (NASU), and technologists.
The Nigerian government is expected to release N30 billion revitalisation funds to varsities by the end of this month.
The minister speaking further revealed that the ‘no work, no pay’ Trade Act for striking university lecturers was waived by President Muhammadu Buhari to allow peace to reign.
Ngige explained that the federal government has so far kept faith with the agreement between it and ASUU.