The Federal Government on Tuesday said it has approved additional twenty-five billion naira as Earned Academic Allowances for the Academic Staff Union of Universities (ASUU).
Mallam Adamu Adamu, Minister of Education, made this known to the public at his valedictory media briefing in FCT Abuja.
Report shows that the approved fund is part-payment contained in the Memorandum of Action the union signed with the federal government.
The present administration of President Muhammad Buhari said the N25 billion was aside the N20 billion it released in 2018 to public universities across the country.
The Education Minister who was accompanied by the Minister of State for Education, Prof. Anthony Anwukah and Information Minister of Information and Culture, Alhaji Lai Mohammed said all universities across the country had benefited from the N20 billion released last year by the Buhari-led government.
“Let me inform you that the federal government has just approved an additional N25 billion to be shared to beneficiary institutions directly. Last year, the FG released N20 billion directly to universities. As I speak, all universities have got their share of the N20 billion.
“The sad news is that the N200 billion that was released to the Central Bank of Nigeria (CBN) since 2013 for the universities has not been fully accessed. In specific terms, all the 73 public universities have accessed the first tranche of 50% of the N200 billion.
“For the second tranche of 40%, only 56 institutions have been able to access their funds. The last 10%, representing the third tranche of the N200 billion, has not been accessed at all,” the Minister stated.
ASUU President, Prof. Biodun Ogunyemi stated that the N25 billion was supposed to be released by the government to its members in March as part of the MoA it signed with the union, saying he could not confirm if members of the union had received the funds or not.