Strike: FG Reaches Agreement With ASUU, Varsities to get N30bn revitalisation fund next week, says Ngige.
Strike: FG Reaches Agreement With ASUU
The Minister of Labour and Employment Chris Ngige has said the Federal Government will release N30 billion as revitalisation fund to universities next week.
The government explained the money, which was paid in January, is still with the Central Bank of Nigeria pending the conclusion of the audit report of the Implementation Committee on the use of previous funds disbursement to universities by the Federal Ministry of Education and the National Universities Commission, will hit the accounts of universities soon.
The Minister added the monies will be paid to successful universities based on the evaluation report of the committee while those with shortcomings will be made to make up before accessing the fund.
According to a statement by the Deputy Director of Press and Public Relations, Federal Ministry of Labour and Employment, Charles Akpan, both parties at the meeting expressed satisfaction with the implementation stages of what Ngige termed “work in progress.”
The Minister said some of the items in the Memorandum of Action (MOA) were nearly done hundred percent within the timeline.
He explained the National Information Technology Development Agency(NITDA) was directed to expedite action on the integrity test on the University Transparency Accountability Solution (UTAS) which if successful, will eliminate the challenges posed by the peculiarities of the university system to the current payment platform.