The Minister of Labour and Employment, Dr. Chris Ngige, has announced the release of N15.4 billion to members of the Academic Staff Union of Universities (ASUU) for payment of salary shortfalls.
According to the minister, this was part of the agreement reached with ASUU members today, Monday after days of negotiations to end protracted strike action by the union.
Speaking to news men shortly after the meeting with the lecturers, Dr. Ngige said that majority of their demands have been met, adding that the Federal Government is also in the process of releasing another N20 billion for payment of earned allowances for university lecturers.
Meanwhile, the ASUU President, Professor Biodun Ogunyemi, said that the National Executive Committee of the union will review their decisions based on the new commitment by the government.
According to him, it is only after the meeting of the ASUU leadership that the union will announce its position on the ongoing strike action.
ASUU members have been on strike for the past two months following alleged inability of the government to respond to their demands.