The Academic Staff Union of Universities (ASUU) was offered N65bn by the federal government to end the current strike that lasted for 10 months.
Dr Chris Ngige, Minister of Labour and Jobs, delivered the plan to striking lecturers on behalf of the government when they met in Abuja on Friday 20 November.
He said the negotiation was successful as the government agreed to change grounds on the pending problems that for many months have kept students out of the classroom.
Ngige told reporters that the Federal Accountant-General (AGF) had offered to release N40 billion or instead, N35 billion to be shared by all registered labor unions at universities after presenting the requisite proof that the allowance had been received.
“The FG reiterated that its offer of N40 billion or 35 billion, as accepted by ASUU, was for all university unions: ASUU had proposed that N40 billion be paid immediately to all university unions.”
The Minister, who claimed that all vice-chancellors are to send specifics of the EAA/EA to the National Universities Commission (NUC) on or before November 30, added that the Federal Ministry of Labour and the Federal Ministry of Education would review the issue of no job, no pay’ as provided for in Section 43 of the Federation of Nigeria Cap T8 Trade Disputes Act 2004 with a view to obtaining the issue of no work, no pay’