Nigerian Government Releases N2.3 Billion to Varsities

Nigerian Government Releases N2.3 Billion to Varsities Nigerian Government Releases N2.3 Billion to Varsities
Minister of Education, Tunji Alausa. Credit: VON.

The Nigerian government has allocated N2.3 billion to federal universities to settle salary and promotion arrears, reinforcing its dedication to enhancing the welfare of academic staff and maintaining an open dialogue with the Academic Staff Union of Universities (ASUU).

Minister of Education, Tunji Alausa, shared this update yesterday, highlighting the government’s ongoing discussions with ASUU and other university unions.

He mentioned that this funding, which was processed through the Office of the Accountant-General of the Federation (OAGF), showcases President Bola Ahmed Tinubu’s commitment to tackling persistent welfare and funding issues in the education sector.

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“A total of N2.311 billion, which covers Batch 8 salary and promotion arrears, has been released through the Office of the Accountant-General of the Federation to universities. The institutions should start receiving payment alerts any moment now,” Alausa stated.

Nigerian Government Releases N2.3 Billion to Varsities.
Nigerian Government Releases N2.3 Billion to Varsities. Credit: Arise News.

He also noted that the government is nearing the completion of releasing third-party non-statutory deductions and pension remittances to the Nigeria University Pension Management Company (NUPEMCO), which is expected to wrap up in just a few days.

Additionally, the minister announced plans to fully incorporate the Earned Academic Allowance (EAA) into university staff salaries starting in 2026.

“This will guarantee timely, predictable, and sustainable payments moving forward,” he explained, adding that funds from the Needs Assessment of Nigerian Universities have also been released, with budget allocations made to support this initiative.

Alausa emphasised the Federal Government’s commitment to resolving long-standing issues through open communication.

“While the government is dedicated to improving staff welfare, it will only enter into agreements that are realistic and financially viable,” he remarked.

He pointed out that the Yayale Ahmed Negotiating Committee continues to effectively bridge the gap between the government and the unions of tertiary institutions. “Negotiations are ongoing in a sincere, mutual, and respectful manner,” he added.

 

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  • Chinomso Sunday

    Chinomso Sunday is a Digital Content Writer at News Central, with expertise in special reports, investigative journalism, editing, online reputation, and digital marketing strategy.

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