ASUU Strike Update: FG to give varsities N1.1tn in 5yrs

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Very late Monday night November 4th, President Jonathan met with officials of the Academic Staff Union of Universities, ASUU, over the on-going strike. After the meeting, ASUU officials said they would relay the outcome of the meeting later this week after consulting with other members of their board. The Union has not made an official statement yet but Punch is reporting that a key component of the agreement reached by the parties after the meeting was that the Federal Government would  inject N1.1trillion into public universities in the next five years.

They said the federal government would release N220billion yearly into the sector beginning from 2014. For the outgoing year, the government will only release N100bn and this has been processed.

They also said the strike would be called off anytime next week.