FG has released N40billion for the payment of earned academic allowances for varsity lecturers and earned allowances for non-academic staff.
Also, the government may release N30 billion revitalisation funds to varsities by the end of this month.
Of the N40 billion, about N10 billion was voted for the payment of earned allowances of members of the Senior Staff Association of Nigerian Universities (SANU), Non-Academic Staff Union (NASU) and technologists.
Although the non-academic staff have threatened strike over the sharing formula by the National Universities Commission (NUC), the government said when a similar payment was made in 2019, they got N8 billion.
The Minister of Labour and Employment, Dr. Chris Ngige, who gave the update said the Federal Government has so far kept faith with the agreement between it and ASUU.