Towards ending the ongoing ASUU strike, the Federal Government has committed to spending N200 billion in the 2014 budget on the universities as well as on each of the next three-four years until the universities are brought to world-class standard. This is in addition to the N100 billion dedicated and already made available for 2013.
The government has also increased to N40 billion as a first installment, funds for the payment of earned allowances to the striking lecturers, an improvement from the N30 billion previously released.

This information is contained in an internal Federal University of Otuoke statement by Professor Bolaji Aluko, its Vice-Chancellor, seen on Wednesday night by SaharaReporters. On the earned allowances, he explained,
“Government will top it up with further
releases once universities are through with the disbursement of this new figure of N40 million, so Vice-Chancellors are urged to expedite this disbursement within the shortest possible time using guiding templates that have been sent by the CVC,” the circular said.

Professor Aluko said the development
followed meetings on September 19 and Oct 11 of representatives of the Association of Vice-Chancellors of Nigerian Universities, led by CVC Chairman, Prof. Hamisu of ATBU and
ASUU Representatives led by its President, Dr. N. Fagge with the Vice-President of the Federal Republic of Nigeria, Arc. Namadi. Sambo, Minister of Education Barr. N. Wike and others.
Of great interest to stakeholders, Vice-
President Sambo, appealing to ASUU to call off the strike, apologized for the "take-it-or-leave-it" comments credited to the Minister of Finance, Dr. Ngozi Okonjo-Iweala at the onset of the strike. The Minister did not seem to have been involved in either meeting, perhaps as the government’s way of soothing the
feelings of the university teachers.

Other points of agreement at the meetings include the following:

Project Prioritization: Universities will now be allowed to determine their priorities and not be “rail-roaded” into implementing a pre-determined set of projects with respect to the NEEDS assessment. Decisions are not to be
centralized.

TETFund Intervention: Government assured that the operations of the TETFund will not be impaired, and that the regular TETFund intervention disbursement to Universities will continue, unaffected. So the NEEDS
assessment capital outlays are in addition to regular TETFund intervention.

Project Monitoring: A new Implementation Monitoring Committee (IMC) for the NEEDS Assessment intervention for universities has been set up to take over from the Suswan
Committee. The new one is under the Federal Ministry of Education and chaired by the Honorable Minister of Education. In addition, to build confidence and ensure faithful implementation and prevent any relapse as before, the Vice President will meet quarterly with the IMC to monitor progress.

Blueprint: ASUU was mandated to submit a blue print for revitalizing the Universities to the Vice President.

Prof. Aluko further stated that a signed
document will soon be issued to itemize the full issues on which the consensus he had outlined here, as brokered by AVCNU, was reached.

http://saharareporters.com/news-page/ASUU-strike-government-blinks-agrees-spend-n200b-each-four-years-bring-nigerian-universiti

ok

Wen dis One take Happen wey I never Hear 4rm ASUU Presido, oya make him talk him own joor

Where is Dr Nasir Fagge when you need him the most or that talkative from UI who calls himself their ASUU chairman to tell us the strike continues

Lemme be optimistic here before someone would fire me ooh!!!
I know that's how they made promises in 2009, but where are we today? But I know they will implement this one!!!
All hail Nigeria, the Country of Life!!!