The Federal Government has offered the leadership of the Academic Staff Union of Universities (ASUU) N65 billion for Earned Academic Allowance and revitalisation to persuade it to end the eight-month long strike.
The government, on Friday, also agreed to pay the striking lecturers through the Government Integrated Financial Management Information System.
The payment will subsist until ASUU’s University Transparency and Accountability Solution (UTAS) is established.
The agreement was reached at the end of the seven- hour resumed meeting between the leadership of ASUU and the federal government team on Friday.
The Minister of Labour and Employment, Chris Ngige told reporters that the Accountant-General of the Federation ( AGF) has offered to release N40 billion or in the alternative, N35 billion to be shared by all the registered Trade Unions in the universities after providing necessary evidence of having earned the allowance.
“The FG reiterated that her offer of N40 billion or 35 billion whichever is accepted by ASUU was for all the universities unions: ASUU had proposed that N40 billion be paid immediately for all unions ,” the Minister said.
Ngige said all vice-chancellors are to submit details of the EAA/EA to the National Universities Commission (NUC) on or before November 30.
He noted that the Federal Ministry of Labour and Federal Ministry of Education will review the issue of “no work, no pay” as stipulated in Section 43 of the Trade Disputes Act Cap T8 laws of the federation of Nigeria, 2004.