FG Budgets N230.9 Billion For 14 Federal Universities as ASUU Call Off Strike Today

The federal government has budgeted N230.9‬ billion for 14 Nigerian federal universities in the 2023 budget as ASUU call off strike today. 

Investors King understands that N230.9 billion will be disbursed to 14 tier-one federal universities in 2023. 

While University of Nigeria, Nsukka will take the largest share of the fund, other beneficiary universities include Obafemi Awolowo University, Ahmadu Bello University, Zaria, University of Benin, and the University of Ibadan.

Others are, University of Lagos, University of Jos, University of Ilorin, Federal University of Technology, Owerri, FUT Akure, Minna, University of Calabar, and Nigeria Open University (NOUN).

According to the breakdown, University of Nigeria, Nsukka will receive N29.3 billion, Ahmadu Bello University will receive N25.8 billion while University of Lagos will get N22.3 billion.

University of Calabar will get N21.5 billion, University of Benin will receive N19.5 billion, University of Ibadan will get N19.2 billion while Nnamdi Azikiwe University, Awka will receive an allocation of N18.3 billion.

Other beneficiaries are University of Ilorin with N18.1 billion, Obafemi Awolowo University with N16.3 billion, University of Jos with N14.2 billion, Federal Technology Universities, (FUTO) will get N14.3 billion, FUTA will receive N8.4 billion, FUT Minna, will get N7.2 billion while the Nigeria Open University (NOUN) will receive N10.7 billion.

Meanwhile, the Academic Staff Union of Universities suspended its eight-month strike in the early hours of today. 

The union took the decision at the end of a meeting that ended this morning at its National Secretariat located at the University of Abuja.

Although ASUU has not released an official statement to state its position, many sources which are privy to the meeting however confirmed the development. 

It will be recalled that ASUU has been on strike since February 14, 2022 which was a reaction to some of its demands that the federal government has failed to meet.