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Buhari Proposes N470 Billion As A Settlement In His Attempt To End The ASUU Strike

The President stated that FG alone cannot support higher education.

In the budget for 2023, the Federal Government has allocated N470 billion for tertiary institution revitalization and salary increases.

This will be made public by President Muhammadu Buhari on Friday, October 7, 2022, during the presentation of the budget to a joint session of the National Assembly.

uhari said his government noted “with dismay the crisis that has paralysed activities in the public universities in the country.

He stated that he “expected the staff of these institutions to show a better appreciation of the current state of affairs in the country. In the determined effort to resolve the issue, we have provided a total of 470.0 billion in the 2023 budget from our constrained resources, for revitalization and salary enhancements in the tertiary institutions.”

Additionally, Buhari stated that it is instructive to note that the government alone is unable to provide the funding for tertiary education.

“In most countries, the cost of education is jointly shared between the government and the people, especially at the tertiary level. It is imperative therefore that we introduce a more sustainable model of funding tertiary education.”

He added that “the government remains committed to the implementation of agreements reached with staff unions within available resources. This is why we have remained resolute that we will not sign any agreement that we would be unable to implement. Individual institutions would be encouraged to keep faith with any agreement reached in due course to ensure stability in the educational sector.”

Things you ought to know:funding for public universities’ revitalization.In agreement with the union in 2009 and 2013, the Federal Government agreed to inject N1.3 trillion into public universities in six installments beginning in 2013.

Since 2013, only N200 billion has been released, leaving 1.1 trillion in the bank.
A settlement worth less than half of N1.1 trillion is what President Buhari is proposing.
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