FG to give Varsities N1.1tn in five years- Punch

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LequteMan

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Details of the Monday/ Tuesday marathon meeting between President Goodluck Jonathan and the leadership of Academic Staff Union of Universities have begun to emerge.

The PUNCH gathered on Tuesday evening that a key component of the agreement reached by the parties was that the Federal Government would inject N1.1tn into public universities in the next five years.

A reliable source, who made this known, also hinted that the strike would be called off anytime next week.

He said the government team which was led by President Goodluck Jonathan would release N220bn yearly into the sector beginning from 2014.

The source added, “The meeting should be the longest that we have ever had on this crisis but I can tell you that both parties were frank all through the discussions.

Source: Punch

See more at http://www.punchng.com/news/fg-to-give-varsities-n1-1tn-in-five-years/

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