Following the withdrawal of the ultimatum given to the Academic Staff Union of Universities, ASUU and the confirmation of payment of N200bn by the Central Bank of Nigeria, CBN, the federal government and the Union, today, signed a memorandum of understanding, MoU, in Abuja.
ASUU’s demands include the upward review of the retirement age for professors from 65 to 70; adequate funding to revitalise the university system; progressive increase of budgetary allocations to the education sector by 26 per cent; transfer of federal government property to universities; setting up of research and development units by companies; payment of earned allowances; and renegotiation of the signed agreement.
ASUU President, Dr. Nasir Fagge, who signed the agreement on behalf of the union, confirmed to journalists that the strike would be called off next week following agreement signed by both parties.
The strike began on July 1st 2013 and lasted for over five months before this resolution was reached.
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