The Federal Government has agreed to release N30 billion as part payment of the Earned Academic Allowances to the Academic Staff Union of Universities ASUU.
Senetor Chris Ngige, Minister of Labour and Employment said this at the end of a meeting between the Federal Government and ASUU yesterday.
The Accountant General of the Federation was committed to release N30 billion on or before Nov. 6.
The remaining N10 billion will be spread equally over the two tranches to be paid in May 2021 and February 2022 respectively.
He noted that the process of mainstreaming of the EAA into annual budget using the agreed formula shall be activated.
Ngige added that the National Assembly has agreed to implement the process of mainstreaming provided the amount involved is sent in as quickly as possible by the Ministry of Education.
The Minister of Education will follow up with the Minister of Finance, Budget and National Planning on its earlier Memo to Mr President on sources of alternative funding for revitalisation to facilitate the process of additional funding of the University system.
The government side again appealed to ASUU to enroll on IPPIS platform in view of the Presidential directive that all Federal Government employees should be paid via IPPIS.
Also on the issue of withheld salaries of ASUU members, the meeting agreed that Government will pay the money as soon as the mode of payment is agreed upon by both parties.
The meeting is to reconvene on October 21 for ASUU to report back on the decision of her National Executive Council in order to facilitate the calling off of their strike.