Home » School News » FG Debt To Nigerian Public Universities Hits N660billion

FG Debt To Nigerian Public Universities Hits N660billion

Nigerian public universities are now currently owed N660 billion by the Federal Government of Nigeria in Needs Assessment Intervention Fund, according to the Academic Staff Union of Universities (ASUU).

Download FSB Scholarship Past Questions - See Sample Questions

The Zonal Coordinator of Ibadan Zone of ASUU and Chairman University of Ibadan Chapter of the Union, Professor Segun Ajiboye in a television interview gave the breakdown of the unpaid intervention fund for the year 2014 (N220billion), 2015 (N220billion) and 2016 (N220billion) which was part of the N1.3trillion intervention FGN/ASUU agreement signed in 2013.

On the 2016 proposed budget presented by President Muhammadu Buhari, the ASUU chief said he did not address how the government will fulfil the agreements reached with the union as the government was owing academic staff in the public universities more than N200 billion arrears of earned allowances for the 2014 and 2015 academic years.

He said the 2009 agreement which was due for a review in 2012 has not been addressed by the Federal Government adding that the union (ASUU) had written severally to the government on the need to start the renegotiation of the agreement to reflect modern and contemporary realities.


Sharing is caring!

Share Tweet Email WhatsApp

Want to be notified anytime there's a new post? Subscribe here to get the latest updates delivered to your email address by Google Feedburner.

Leave Your Comment