In line with the demands of the Academic Staff Union of Universities, ASUU, President Muhammadu Buhari has approved the release of N20 billion to revitalize public universities .
This disclosure was made at Abuja on Monday by the Nigeria’s acting finance minister Zainab Ahmed.
She said, the president was determined to revitalise public universities and ensure their smooth running and the approval of N20 billion for immediate release for public universities through the revitalisation scheme was part of that determination.
Also, the funds would be released to beneficiary universities in line with the established criteria used by the National Universities Commission (NUC).
This was announced alongside the President’s approval for the “immediate release” of N22.68bn as part of retirement benefits of ex-workers of the Nigeria Airways Limited.
Meanwhile, the N22.68bn approved as part of retirement benefits of ex-workers of the Nigeria airways came after 15 years of its dissolution in 2003.
Progress in the implementation of the presidential directive, she said, would be monitored with a view to resolving emerging issues and keeping the government’s promises to relevant interest groups.