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ASUU Strike Latest News

ASUU Strike Latest News

ASUU Strike Latest News: ASUU to call off strike between 11th-14th January 2019; get latest update here

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ASUU Strike Latest News: ASUU to call off strike on between 11th-14th January 2019; Academic Staff Union of Universities (ASUU) and Federal Government of Nigeria has reached agreement to resolve the prolonged strike by the Academic Staff Union of Universities (ASUU). Get all detail below.

ASUU Strike Latest News

Academic activities may resume in public universities next week as from Monday 14th January 2019, as Federal Government has approved over N35.4 billion for the striking Academic Staff Union of Universities (ASUU).

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In a resolution reached Monday night between the Federal Government and the leadership of ASUU at the Conference Hall, Ministry of Labour and Employment, Abuja, the government announced that Federal Ministry of Finance and Accountant General of the Federation have confirmed payment of N15.389.940,335.71 billion to accommodate payment of shortfall in all institutions that are Presidential Initiative of Continuous Audit, PICA varied.

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Ngige also said that President Muhammadu Buhari has approved the payment of N20 billion for payment of outstanding arrears of the 2009 and 2012 Earned Academic Allowances to the already verified university system.

ASUU is expected to return back to work between Friday, 11th or Monday, 14th January, 2019 to sign relevant agreements reached by the parties.

About Universities Pensions Arrears

According to report the minister also revealed that the federal government had set up a special pension scheme known as Nigerian Universities Pension Company (NUPC) for the academic institutions, adding that N20 billion has been approved for the payment of earned arrears that accrued between 2009 and 2012.

Arrears for 2013 to 2018 were being worked on after which it will be audited and verified by PICAD and that “Once done, payment will be made in four tranches.”

Ngige reiterated government’s resolve to grant permanent licence to ASUU to operate the National University Pension Fund Administrator Company (NUPENCO) that will manage the contributory pension of public universities

ASUU Strike Latest News

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