Saturday, January 28, 2023
HomeEDUCATIONFG approves N470bn for university revitalisation, others

FG approves N470bn for university revitalisation, others

The Federal Government of Nigeria has approved the sum of N470 billion as special funds in the 2023 budget for university revitalisation and upward review of lecturers’ salaries.

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this recently in Abuja, said N300 billion is for university revitalisation while N170 billion is for an upward review of university lecturers’ salaries.

Recall that the Academic Staff Union of Universities, ASUU, embarked on 8 months strike to press home their demand for funding revitalisation of public universities and payment of its earned academic allowances, an end to the proliferation of public universities, visitation panels/release of white papers, University Transparency and Accountability Solution, UTAS, as a broad-spectrum software to stop illegality and provide an alternative payment platform in the university system and renegotiation of the 2009 agreement.

While delivering the 2023 budget to a joint session of the National Assembly, President Muhammadu Buhari had said the government included N470 billion for revitalization and salary enhancements in the tertiary institutions in the 2023 budget.

“In the determined effort to resolve the issue, we have provided a total of N470.0 billion in the 2023 budget from our constrained resources, for revitalization and salary enhancements in the tertiary institutions.

“In most countries, the cost of education is jointly shared between the government and the people, especially at the tertiary level. It is imperative therefore, that we introduce a more sustainable model of funding tertiary education.

“The government remains committed to the implementation of agreements reached with staff unions within available resources. This is why we have remained resolute that we will not sign any agreement that we would be unable to implement.

Individual institutions would be encouraged to keep faith with any agreement reached in due course to ensure stability in the educational sector,” the president said.

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