The Federal Government has agreed to release N30 billion earned academic allowance to members of the Academic Staff Union of Universities (ASUU).
The money will be paid in tranches between May 2021 and February 2022.
The Federal Government also promised to spend N20 billion on the revitalisation of the education sector as part of concessions meant to end the seven-month strike declared by the Academic Staff Union of Universities.
The decisions are part of the agreements reached during the ongoing meeting between the Federal Government and ASUU leadership on Thursday.
The government team was led by Minister of Labour and Employment, Chris Ngige, the minister of state, Festus Keyamo (SAN), and others, while the ASUU delegation was led by its President, Prof. Biodun Ogunyemi.