President Muhammadu Buhari has approved the release of N20 billion to revitalize public universities in line with the demands of the Academic Staff Union of Universities, ASUU.
The Minister of Finance, Zainab Ahmed, made this disclosure in Abuja on Monday, NAN reports.
She explained that the money for the universities would be released through normal channels.
“The N20 billion for the universities would be released immediately in line with the established criteria used by the National Universities Commission.
“The federal government would monitor the progress of the implementation of the universities’ revitalization with a view to resolving emerging issues and keeping its promises to relevant stakeholders,” the minister said.
Meanwhile the President also approved the immediate release of N22.68 billion as retirement benefits for ex-workers of the rested Nigeria Airways.